After years of trials and appeals, Samsung said it has agreed to pay Apple $548 million for infringing Apple’s patents. The decision by Samsung follows the rejection last month by the U.S. Court of Appeals for the Federal Circuit of a full-bench hearing.
The South Korean giant has confirmed to Apple that it will pay the amount within 10 days of invoice delivery by Apple. Samsung has also reserved the right to collect reimbursement if there are any new developments in the case. Samsung is also trying to have the remaining damages of $382 million reduced in an ongoing case.
Apple sued Samsung in 2011 for infringement of several iPhone patents. It was awarded damages of $930 million by a jury in the U.S. District Court in California.
