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Largan to acquire stake in rival after IPR settlement 03/10/2021 11:34 AM CNA file photo Taipei, March 10 (CNA) Largan Precision Co., a supplier of smartphone camera lenses to Apple Inc., has decided to participate in a private placement planned by Ability Opto-Electronics Technology Co. to acquire a 15.2 percent stake in its rival. Largan made the announcement Tuesday on the Taiwan Stock Exchange, where shares of the company and Ability Opto-Electronics are traded, after the two sides reached a settlement last week to resolve their intellectual property right (IPR) disputes. Largan said the ...

Largan settles IPR disputes with local competitor 03/05/2021 12:32 PM CNA file photo Taipei, March 5 (CNA) Largan Precision Co., a supplier of smartphone camera lenses to Apple Inc., said on Friday it has reached a settlement with rival Ability Opto-Electronics Technology Co., ending an intellectual property rights dispute that had lasted a decade. In a statement posted on the Taiwan Stock Exchange, where Largan shares are traded, the company said it has signed a settlement agreement with Ability Opto-Electronics and has withdrawn its lawsuits in the trade secrets dispute between the two comp...

Court approves fraction of compensation sought by Largan from rival 01/26/2021 08:58 PM CNA file photo Taipei, Jan. 26 (CNA) A district court in Taichung has ruled that a rival of smartphone camera lens maker Largan Precision Co. must pay only a small fraction of the compensation sought by the Taiwanese Apple Inc. supplier in an intellectual property dispute. In a statement released Monday, Ability Opto-Electronics Co. said Taichung District Court ordered it to pay only NT$600,000 (US$21,127) in compensation to Largan against its request for NT$14 billion in a criminal lawsuit, in which Larga...