December 23, 2004 – A group of South Korean semiconductor and flat-panel display manufacturers have banded together in a consortium to better manage and defend intellectual property rights.
The consortium consists of Samsung Electronics Co., LG Electronics, LG Philips LCD, Hynix, DongbuAnam Semiconductor Co., MagnaChip Semiconductor Inc., and 23 smaller companies. The group aims to foster collaboration among domestic manufacturers and research institutes concerning patent-related issues, including licensing and shared ownership, and set R&D agendas for driving key technologies.
Half of the costs for consortium projects would be funded by the government, according to an official with the Ministry of Commerce, Industry, and Energy, quoted by local news sources. The government recently offered similar funding support for a domestic LED display consortium.