German court fines Signify in patent case
A legal battle over patent infringement ruling.
A German court has ordered Signify, the world’s largest lighting maker, to recall and destroy certain products sold since 2017, citing patent infringement claims made by Seoul Semiconductor, a South Korean firm. The Düsseldorf court also ruled that Signify could face fines of up to €250,000 ($259,925) for each violation of the order, according to a statement from Seoul Semiconductor.
Signify, headquartered in the Netherlands and spun off from Philips in 2016, has not yet responded to requests for comment. The court ruling adds to the challenges faced by the company, which has a global reputation in the lighting industry.
Seoul Semiconductor, a leader in light-emitting diode (LED) technology, invests heavily in innovation, allocating about 10% of its revenue to research and development. The company boasts a portfolio of over 18,000 patents and has pursued legal action against multinational corporations to protect its intellectual property rights.
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