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Lumencor Inc. - Power of Light 4-24 LB

California Court Awards Lumileds $66M in Damages

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SAN JOSE, Calif., Aug. 14, 2018 — On Aug. 10, 2018, a jury rendered a verdict in favor of Lumileds LLC, finding that Chinese competitor Elec-Tech International Co. Ltd. stole trade secrets related to Lumileds’ core technology for making high-power LEDs. The technology is used in flash phones, automotive headlights, and general illumination. The $66 million awarded is the amount of research and development costs that the jury concluded Elec-Tech saved by using Lumileds’ trade secrets rather than engaging in its own development. The jury concluded that Elec-Tech and former Lumileds employees...Read full article

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    Published: August 2018
    BusinessAmericasAsia-PacificLight SourcesLEDsLumiledsElec-Tech International Co.

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