Cree LED and ADJ Reach Settlement and Limited License Agreement

PENG
September 26, 2025
On September 26, 2025, Cree LED, a brand of Penguin Solutions, and ADJ Products, LLC announced a settlement that resolves a patent infringement dispute involving Cree LED’s patents related to LED display technology. The agreement includes a limited license that allows ADJ to use the patented technology while eliminating the claims of infringement, thereby ending the litigation and any potential damages or injunctions. For Penguin Solutions, the settlement reduces legal exposure and removes uncertainty surrounding the use of its intellectual property, allowing the company to focus on its LED business without the risk of ongoing litigation. The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.