TAIPEI, Sept 27 (Reuters) Chunghwa Picture Tubes <2475.TW>, Taiwan's No.3 LCD maker, said on Thursday it and larger South Korean rival LG.Philips LCD <034220.KS> have agreed to end patent disputes over technology for making liquid crystal displays.
The two companies had also signed a cross-licensing agreement to share past and future patents, Chunghwa Picture Tubes (CPT) said in a statement to the Taiwan Stock Exchange.
''It should strengthen our competitiveness in the industry,'' CPT said in the statement, without giving financial terms.
An LG.Philips spokesman said an agreement had been signed by the companies, but declined to provide details.
In Taipei, CPT was the market's most active issue by volume, surging 6.88 percent to the daily limit and outpacing the main TAIEX's <.TWII> 1.69 percent gain. In South Korea, LG.Philips LCD's shares ended up 0.8 percent.
Growing optimism over demand in the display sector had also fuelled buying among other LCD shares. AU Optronics Corp <2409.TW> , the world's No.3 LCD maker, rose 3.81 percent and Chi Mei Optoelectronics <3009.TW> gained 5.37 percent on Thursday.
REUTERS DKS DS1322