Sharp Corp signs licensing deal with Daimler after winning lawsuit

Japanese multinational corporation Sharp Corp said on Wednesday it has signed a licensing agreement with German automaker Daimler as it settled a patent infringement lawsuit against the automaker over in-vehicle mobile communications technology.

The Japanese company won the patent dispute in a ruling last month by a German court that permitted Sharp to enforce a sales ban against Daimler under particular conditions.

Sharp employs more than 50,000 people worldwide and is majority-owned by the Taiwan-based Foxconn Group.