Samsung puts $200 million aside for patent spats with Apple
Samsung CEO Choi Gee-sung on Monday said that his company is ramping up its defense against Apple in 2012. Speaking to The Korea Times, Samsung’s chief executive confirmed the creation of a $200 million war chest that the South Korea-based vendor will use to fight Apple’s patent-related advances moving forward. Apple has of course launched attacks against Samsung in a number of regions across the world, alleging that Samsung tablets and smartphones copy its designs and infringe on various Apple-owned patents. Samsung recently scored a small victory in the United States when a federal judge refused to ban sales of Samsung’s Galaxy devices. ”If we win in Paris as well, that’s truly a big blow to Apple,” an anonymous Samsung executive told The Korea Times. ”We are ready to aggressively sell the Tabs.” Samsung has said in the past that it plans to fight Apple more aggressively, and the creation of a $200 million fund suggests that the vendor intends to make good on its promise.
Zach Epstein
Zach Epstein is the Executive Editor of BGR. He has 10 years of industry experience, first in marketing and business development with two private Telcos, then as a writer and editor covering business, technology and telecommunications.
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