Samsung (SSNLF.PK) is reportedly trying to reach a settlement after being charged with abusing its market position by a European Union regulator due to a patent dispute barring rival Apple (NASDAQ:AAPL) from using an important mobile phone patent.
Samsung is looking to settle with the EU after the European Commission, which acts as Europe’s anti-trust regulator, told the South Korean tech company that the injunctions it was seeking against Apple were unfair. Reaching a settlement would help Samsung avoid a fine that could reach $17.3 billion if it is discovered the company broke European law.
Samsung and Apple are the top two smartphone makers in the world, and are currently involved in patent disputes across the European Union. Samsung currently holds essential patents for 3G UMTS (Third Generation, Universal Mobile Telecommunication System), which has now become an industry standard. Samsung had to agree to license the patents on reasonable terms to any party that asked for them in order to receive the patents in the first place, and the company’s charges against Apple are in violation of that agreement.