According to a recent report published by Bloomberg Taiwan based smartphone maker HTC Corp. is willing to discuss matters related to patent dispute with Apple Inc. (AAPL). ITC (International Trade Commission) in its initial determination ruled two patent lawsuits in Apple’s favor which has resulted in concern over the profit margins for HTC.
HTC’s CFO, Winston Yung, reportedly said, “We have to sit down and figure it out,” and further added, “We’re open to having discussions.”
The Taiwanese smartphone maker earlier this month announced that they acquired S3 Graphics Co. for $300 million. This deal came in less than a week after S3 Graphics won an ITC ruling against the Cupertino, Calif., based company.
Yung has expressed his company’s desire to engage in talks with Apple and commented:
We are open to all sorts of solutions, as long as the solution and the terms are fair and reasonable,
On and off we’ve had discussions with Apple, even before the initial determination came out.
Apple has been very aggressive in protecting its intellectual property and is already involved in many high profile patent cases. This year particularly has seen AAPL being sued by various companies alleging their own unique claim.
Patent infringement often leads to settlement between the companies involved however, this involves high amount of royalty and in some cases long term license payments.
It will be interesting to see how Apple and HTC settle the matter. Do you think the current patent system in the US is limiting innovation and competition? Let us know what you think in the comments below.