LG Display and Samsung Display, the world's largest manufacturers of display panels have announced that they are ending a year-long dispute over LCD and OLED patents which has been the cause of a number of lawsuits.

Samsung released a statement saying “It was agreed that we two should focus more on cementing our leadership in the global market by cooperation, instead of engaging in all-consuming patent disputes'', while in a separate statement, LG claimed “What's most important for both of us is upgrading our competitiveness globally''.

A closer relationship between the two giants might very well help develop technology faster for the benefit of everyone, as long as they don't grow too fond of eachother and achieve something resemblant of total market domination.

Samsung and LG decide to end display tech patent dispute