Samsung and LG have agreed to end their dispute over display technology patents which went on for a year, with lawsuits being thrown from both sides.

Samsung sued LG in December 2012, accusing the company of stealing its LCD technology. In September 2012, both sides had sued each other over OLED technology, with LG claiming patent infringement, and Samsung accusing LG of stealing information through its key employees.

“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,'' said Samsung Display in a statement.

LG released a similarly benevolent statement. "What's most important for both of us is upgrading our competitiveness globally," said the company.

It's probably better for all to see the two companies compete in the way of innovation than through lawsuits — we've seen plenty of healthy rivalry between the two at this year's IFA.

Image: Mashable