IAM recently reported that LED maker Seoul Semiconductor will be auctioning off two separate patent portfolios relating to 5G and LED technologies. The first portfolio consists of 98 patent assets, including 55 U.S. assets, related to gallium nitride (GaN) radio frequency (RF) semiconductors. The second portfolio consists of more than 177patent assets developed by Seoul Semiconductor relating to high power, mid power LED packages, chip scale packages (CSP) and adaptive lighting.
The auction process is being handled by GoodIP, a digital licensing platform that helps tech companies and research centers identify licensing partners for their intellectual property. IAM has hypothesized that GoodIP was selected to operate the auction given CEO Bastian July’s previous work with patent monetization at LED giant OSRAM, giving him industry-specific expertise.
But why is Seoul Semiconductor choosing a patent auction instead of a brokered sale? Is a patent auction preferable to a brokered sale, and if so under what circumstances? What are the value drivers for patent portfolios circa 2020? Who should be the buyers for the 5G and LED portfolios and why?
Join Gene Quinn, President and CEO of IPWatchdog, Inc., and Bastian July, CEO of GoodIP, for a wide-ranging discussion on patent auctions, what they are, when they might be appropriate, and for a sneak peek at the Seoul Semiconductor portfolios and who might be the major players interested in acquiring these two available 5G and LED portfolios.