Hsinchu, Taiwan, Feb. 26, 2014 – Epistar announced today that it has reached a patent license agreement with Philips for dies in LED products. Under the license agreement, both companies grant each other a license to use each other’s patents for III-V compound semiconductor light emitting dies, which include InGaN LEDs and AlGaInP LEDs.

"With the agreement, Epistar can focus on developing new products and technologies to speed up the pace of innovation," said Dr. MJ Jou, Epistar’s president. "Furthermore, we believe IP remains important to the LED industry, and this cross-license demonstrates how leading companies appreciate the value of intangible assets."

No further details of the cross-license are disclosed.