South Korea's LG Electronics had reached an out-of-court settlement in patent law suits against two Taiwanese computer makers, an AFP report said.
The AFP report said LG had decided to drop the law suits in return for unspecified amount of royalty payments from the two companies, Compal Electronics and First International Computer (FIC).
The AFP report quoted LG Electronics as saying that the firm had filed patent law suits against the Taiwanese companies with a US court in 2000, arguing that Compal and FIC had sold computers in the US market that use the data-transmitting technology without its permission.
The dispute has been centered on an industry-standard technology required for effective data transfer between computer motherboards and peripheral devices, which is fundamental to the operation of computers, the AFP report said.
LG said the settlement would have a positive impact on its negotiations with other PC makers, adding that the technology in question is worth more than $200 million, the report added.LG has already concluded royalty contracts with 10 other PC makers using the same technology. It is now seeking similar deals with 30 others, the AFP report further said.