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Tesla Motors ( TSLA ) partner Nvidia ( NVDA ) and Samsung called a cease-fire Monday on a nearly two-year battle over their mobile tech patents, the companies said in a joint statement hours before a decision was due in Samsung’s suit against Nvidia. Under the settlement, Nvidia and Samsung will license “a small number of patents by each company to each other,” but won’t allow for “broad cross-licensing of patents or other compensation,” they said. Nvidia fired the first shot in late 2014, claiming Samsung and Apple ( AAPL ) supplier Qualcomm ( QCOM ) had violated its patents on graphics processing chips. Samsung retaliated with a lawsuit that alleged Nvidia had violated its patents. Both sought to have some rival components banned from sale in the U.S. In December, a judge upheld an earlier ruling that Samsung and Qualcomm had not violated Nvidia’s patents. Monday’s decision would have wrapped Samsung’s case. In afternoon trading on the stock market today , Nvidia stock was up more than 1%, near 36. Shares are on a nearly three-month run, up 42% since a Feb. 11 bottom this year, likely helped along by the release of the Facebook ( FB ) Oculus Rift virtual-reality headset. The Oculus recommends use of devices that have graphics chips — graphics processing units — from Nvidia or Advanced Micro Devices ( AMD ). Scalper1 News
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