Seoul Semiconductor Launches Auctions for Key Technology Patent Portfolios for 5G Network Design and Smartphone Cameras
Seoul Semiconductor Co., Ltd. (KOSDAQ 046890), a leading global innovator of LED products and technology, announced that it will auction its radio frequency (RF) semiconductor patent portfolio and its high power LED package patent portfolio.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191126005105/en/
Seoul Semiconductor launches patent auctions with GoodIP, a digital licensing platform (Graphic: Business Wire)
In the first auction, Seoul Semiconductor is seeking the top bidder for 98 patent assets related to power amplifiers and gallium nitride (GaN) RF semiconductors, including 55 U.S. patents. Three of the patents are licensed to the U.S. Air Force or the U.S. Army, confirming the value of the portfolio.
This RF patent portfolio is the result of an investment of more than $100 million in R&D by Sensor Electronic Technology, Inc. (SETi), which was founded in 1999 at the Rensselaer Polytechnic Institute (RPI) in New York. SETi, which was completely acquired by Seoul Viosys in 2015, one of the affiliates of Seoul Semiconductor, was at the forefront of GaN device development for high power RF and UV LED technologies. SETi is now focused on UV LED technologies, thus its GaN RF patent portfolio is being auctioned.
GaN has a wider bandgap than silicon, which means it can sustain higher voltages than silicon, and is able to carry current through the device faster. GaN is becoming the technology of choice for mobile and satellite communications, radar, wireless charging and autonomous driving.
With 5G implementation coming soon, the GaN RF market is developing fast. The GaN RF market will grow to USD 2 billion by 2024 (Yole Développement, 2019) and the global radio frequency components market size is expected to reach USD 45 billion by 2025 (published in Market Research Report, 2019). The companies Sumitomo Chemical Co., Cree Inc., and Qorvo, Inc. hold a large share of the GaN RF market.
In the second auction, Seoul Semiconductor will auction more than 100 patents, including US, European, Chinese, Japanese, and Korean patents related to high power LED packages and adaptive lighting. High power LED packages are used in smartphone and automotive applications. Adaptive lighting is used in smartphone camera lenses and flash-lights and automotive headlights. In addition, these are some of the essential patents for high power LED chips enabling thin and small design of lenses and flash-lights to respond to market demands for diverse functions of smartphone camera.
“Seoul Semiconductor is now looking for potential buyers or licensing partners for certain of these technologies. We believe that it can be a good opportunity for startups and small-to-medium enterprises (SMEs), who have difficulty in holding key patents, to expand their business,” said Seoul Semiconductor’s founder Chung Hoon Lee and SETi’s chief executive officer Chae Hon Kim.
“Meanwhile, some large companies have negatively affected the LED industry by having unlawful access to our trade secrets by soliciting employees or preferring low-cost products that ignore intellectual property rights. As a part of our new patent management strategy, we will sell some of our patents to companies that do not compete directly, and will invest the profits from the auction to develop new technologies in the future,” added Lee and Kim.
The auction process is being handled by GoodIP, the digital licensing platform that helps tech companies and research centers identify licensing partners for their intellectual property.
GoodIP helps tech companies and research centers identify licensing partners for their intellectual property through GoodIP’s digital licensing platform. GoodIP is supported by Fluxunit/Osram Ventures and the LMU Entrepreneurship Center. For more information, please visit www.goodip.io.
About Seoul Semiconductor
Seoul Semiconductor develops and commercializes LEDs for automotive, general illumination, specialty lighting, and backlighting markets. As the second-largest LED manufacturer globally excluding the captive market, Seoul Semiconductor holds more than 14,000 patents, offers a wide range of technologies, and mass produces innovative LED products such as SunLike – delivering the world’s best light quality in a next-generation LED enabling human-centric lighting optimized for circadian rhythms; WICOP – a simpler structured package-free LED which provides market leading color uniformity and cost savings at the fixture level, providing high lumen density and design flexibility; NanoDriver Series – the world’s smallest 24W DC LED drivers; Acrich, the world's first high-voltage AC-driven LED technology developed in 2005, including all AC LED-related technologies from chip to module and circuit fabrication, and nPola, a new LED product based on GaN-substrate technology that achieves more than ten times the output of conventional LEDs. UCD constitutes a high color gamut display which delivers more than 90% NTSC. For more information, please visit www.seoulsemicon.com/en.
CEO Bastian July
Seoul Semiconductor Co., Ltd.
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Western Union Stands in Solidarity with Lebanon6.8.2020 23:47:00 EEST | Press release
Western Union, a leader in cross-border, cross-currency money movement and payments, today announced that it is offering zero-feei international money transfers paid out in U.S. dollars to Lebanon, as the country grapples with its recent tragedy amidst other economic and pandemic related threats. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200806006068/en/ Western Union Stands in Solidarity with Lebanon; Money Transfers to Lebanon Zero-Fee Paid out in US Dollars (Graphic: Business Wire) “We stand in solidarity with the people of Lebanon as they confront this latest tragedy following the horrific explosion in Beirut on August 4. Our thoughts and prayers are with families of those injured and have lost their lives,” said Jean Claude Farah, President, Global Network, Western Union. Farah said: “We know the people of Lebanon will stand strong as they grapple with this latest issue amidst other pressures of economic and COVID-
Pacific Drilling Announces Second-Quarter 2020 Results; Pacific Sharav Awarded a New 10-Well Contract in U.S. Gulf of Mexico6.8.2020 23:04:00 EEST | Press release
Pacific Drilling S.A. (NYSE: PACD) (“Pacific Drilling” or the “Company”) today reported results for the second quarter of 2020. Net loss for second-quarter 2020 was $87.4 million or $1.16 per diluted share, compared to net loss of $61.0 million or $0.81 per diluted share in first-quarter 2020. Pacific Drilling CEO Bernie Wolford commented, “In the second quarter, our crews and leadership continued to exemplify our commitment to safe and efficient operations, including adopting measures to manage risks associated with COVID-19 transmission, delivering exceptional results for our clients, efficiently preserving the value of our assets and significantly reducing overhead costs.” Mr. Wolford continued, “Although oil prices began to rebound during the second quarter, clients have generally reduced their drilling investments, as evidenced by Equinor’s decision to cancel the previously exercised third firm well for Pacific Khamsin, and Murphy’s decision to cancel the two well Mexico contract
Andersen Global Enters into Collaboration Agreement with CFA Afrique in Burkina Faso6.8.2020 16:30:00 EEST | Press release
Andersen Global continues its West African expansion via a Collaboration Agreement with CFA Afrique, a tax and legal firm in Ouagadougou, marking the organization’s debut in Burkina Faso and further demonstrating Andersen Global’s growing presence on the African continent. Founded in 2004 and led by Office Managing Director Brahima Guire, CFA Afrique has grown to include nearly 20 total professionals advising a multitude of clients both regionally and internationally. The firm provides a variety of tax and legal services including tax consultancy and advisory, tax compliance, transfer pricing, corporate and commercial law and tax structuring. “Providing our clients with a tailor-made approach and the best-in-class solutions are our top priorities,” Brahima said. “Andersen Global’s expansion strategy and focus on providing clients with quality tax and legal services strengthens our competitive edge and will allow us to better serve our cross-border clientele. We look forward to seamless
New Conviva Data Shows Significant Drop in Ad Demand Despite Quality Improvements; Streaming Growth Normalizing After Pandemic Peak6.8.2020 16:00:00 EEST | Press release
Conviva, the leader in global streaming media intelligence, released its quarterly State of Streaming report for Q2 2020 today, showing streaming video advertising saw a sharp decline in the past quarter with ad attempts in Q2 down 28% globally and 22% in the U.S. as compared to Q1 2020. The report also details the impact of COVID-19 with expanded regional benchmarks illustrating that while streaming continues to grow overall, it slowed in May and June as compared to its height in April when shelter-in-place orders drove streaming viewing up 81% year over year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200806005191/en/ Conviva's State of Streaming Q2 Report (Graphic: Business Wire) Ad Demand Drops while Quality Improves While advertising demand dropped in Q2, due in part to a lack of sports, streaming ads saw significant improvements in overall quality. Viewers spent 38% less time waiting for an ad to start in Q2 as com
Wipro Collaborates with Intel to Drive Business Continuity6.8.2020 15:30:00 EEST | Press release
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it will join forces with Intel to enable Wipro's LIVE Workspace™, Wipro's digital workspace solution with the Intel vPro® platform. This joint collaboration will help customers drive business continuity by enabling remote IT support and solutions, as they seek to keep employees productive amid social distancing boundaries and other remote-work limitations that have become the new normal. Wipro integrated the Intel vPro® platform into LIVE Workspace™, a suite of digital workplace services to provide remote manageability of devices. This extends to users at home or in the office and provides enhanced protection and security against firmware-level attacks. The combined solution provides practical business continuity services to enable enterprises to rapidly design, deploy, and manage a true remote work experience. Intel recentl
Thales High Tech to Offer Thai Citizens One of the World’s Most Secure E-Passports6.8.2020 15:00:00 EEST | Press release
Even though the COVID-19 health crisis has been severely disrupting the global travel industry, in the past few months the DGM Consortium has continued its close collaboration with MOFA. Global teams were working remotely to deliver the project, supporting the Thai Government’s ‘Thailand 4.0’ vision to develop an innovative, digital economy. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200806005034/en/ Thai passports (Photo: Thales) The new Thai e-passport project was delivered on the 8th of July to MOFA and launched in an official inauguration ceremony conducted on the 5th of August in the presence of Minister Don Pramudwinai, Minister of Foreign Affairs of Thailand. The Thai e-passport project is one of the largest passport programs for Thales worldwide, as it aims to provide Thai citizens superior technology and the highest possible level of security in a travel document. The newly designed 64-page biometric travel docu
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom