Toshiba and LG Electronics recently signed a patent deal, giving both companies access to various patents for optical disc products.
Toshiba and South Korea's LG Electronics have signed an agreement to share their worldwide patents for optical disc products, the two companies said Thursday. Toshiba also announced an additional investment in computer chips.
The cross-licensing agreement between Japanese electronics-maker Toshiba and LG is expected to expedite product development and reduce development costs for optical products such as next-generation DVDs, the companies said in a joint statement.
It will be interesting to see if this will affect Toshiba's joint venture with Samsung (TSST) or LG's relationship with Hitachi. If you'd like to read more, the entire article can be found here.
