TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
LG Electronics is reportedly planning to file lawsuits against companies that try to use its mobile technologies without legal permission to do so. It was said that another reason for this move is to find new sources of income after shutting down its smartphone business for good.
LG’s aim for the patent lawsuits
The Korea Times reported that LG Electronics is now tapping into its pile of patents related to mobile technologies as it seeks new ways to at least recover some of the money it lost through the smartphone business in recent years. With the patent lawsuits, it is hoped that the company may still have a way to earn and contribute to the company.
"We are continuing to look into ways wireless patents can be utilized, and patent suits can be a way for the assets to continue to contribute to LG in the form of revenue and future innovation," the outlet quoted an LG Elec official as saying.
LG Electronics is officially closing down its mobile phone business in July. It is not just in South Korea, but the company is withdrawing worldwide.
But then again, it was said that LG Electronics will not be antagonizing firms but it will be going after companies that it thinks are using its telecom patents with no license. It is planning to take action including the filing of cases in courts so as to protect its intellectual property rights.
LG’s patent lawsuits
LG Electronics has actually sued some companies and already received damage compensation from offending parties or signed a licensing deal to prevent lawsuits. This boosted the firm’s revenues although it still suffered from huge losses.
For instance, earlier this month, LG Electronics won a case against the Chinese electronic firm TLC. Under the German court, it found that the latter infringed one of LG Elec's LTE patents and there was a penalty, as per Pulse News.
Lastly, In 2017, LG Elec sued BLU, an American smartphone brand in the U.S., for violations of five of its LTE Standard Essential Patents (SEP). The case was filed with both the U.S. International Trade Commission and a court in Delaware, and the verdict came out in favor of LG. BLU was made to sign an agreement to pay LG Electronics for the use of its technology. LG has several other cases that it won and this is surely contributing to the South Korean electronic company’s revenues.
“As we hold a number of universal patents whose standard essentiality is recognized by global courts, we will aggressively take legal actions against companies using our technologies without a license,” an LG official said.
