Samsung is facing a new lawsuit pertaining to the use of its Quantum dot display tech. The lawsuit, filed by the British nanotechnology company, Nanoco, alleges that Samsung and its affiliates have infringed on its patents relating to Quantum Dots, the technology behind the company’s popular QLED TVs. Reuters reports that Nanoco is looking to obtain a permanent injunction against Samsung as it has “willfully infringed the company’s patents and seeks a permanent injunction from further acts of infringement and significant monetary damages.”
“Historically the group worked collaboratively with Samsung on developing enhanced quantum dots based on our unique and patented CFQD Quantum Dot technology and associated IP,” said Nanoco’s Chairman Christopher Richards. “We were therefore naturally disappointed when Samsung ended the collaboration and launched its QD [Quantum Dot] based televisions without entering into either a licensing or supply agreement with Nanoco.”
QLEDs form a very important part of Samsung’s TV market. Samsung reportedly sold over 5.9 million QLED TVs in 2019 alone. So, the lawsuit could turn out to be very expensive for the company, potentially costing millions, if not billions in lost revenue.
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