AU Optronics and Sharp Sign LCD Cross License Agreement

AU Optronics:

AU Optronics Corp. and Japan’s Sharp Corporation signed a patent cross license agreement today. Both parties have agreed to license to the other specified patents owned by each party.

Good for both AUO and Sharp.

Upon signing of the patent cross license agreement, AUO and Sharp will dismiss all pending legal actions that have been filed against each other.

I guess they got tired of fighting. This cross license agreement should make both companies stronger.