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Samsung puts $200 million aside for patent spats with Apple

Updated 4 years ago
Published Dec 5th, 2011 5:35PM EST

Samsung CEO Choi Gee-sung on Monday said that his company is ramping up its defense against Apple in 2012. Speaking to The Korea Times, Samsung’s chief executive confirmed the creation of a $200 million war chest that the South Korea-based vendor will use to fight Apple’s patent-related advances moving forward. Apple has of course launched attacks against Samsung in a number of regions across the world, alleging that Samsung tablets and smartphones copy its designs and infringe on various Apple-owned patents. Samsung recently scored a small victory in the United States when a federal judge refused to ban sales of Samsung’s Galaxy devices. “If we win in Paris as well, that’s truly a big blow to Apple,” an anonymous Samsung executive told The Korea Times. “We are ready to aggressively sell the Tabs.” Samsung has said in the past that it plans to fight Apple more aggressively, and the creation of a $200 million fund suggests that the vendor intends to make good on its promise.

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Zach Epstein
Zach Epstein Executive Editor

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content.

Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment. His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.