Toyoda Gosei Co., Ltd. (Toyoda Gosei) has entered into a patent cross-licensing agreement with Sharp Corporation (Sharp) to allow the companies to use each other’s patents for LED consisting of nitride-based compound semiconductors. 
The two companies will continue to develop high-quality, high-brightness LEDs and pursue expansion of the LED market through fair competition.

Toyoda Gosei and Sharp respectively possess wide-ranging patents in the area of optoelectronics. As a result of the conclusion of the cross-license agreement, the two companies will be able to step up their R&D efforts and meet the rapidly growing demand, thereby contributing to the development of the LED industry.