Samsung has agreed to pay Apple $548 million to settle a dispute pertaining to a patent row that began in 2011 when Apple alleged the Korean company was using some of its patented technologies without permission.
The company will pay the amount to Apple within 10 days of the California-based smartphone raising an invoice on Samsung, a jointly filed case management statement submitted to the US District Court for the Northern District of California.
The iPhone maker had initially sued Samsung for $2.5 billion and was awarded $1 billion in damages in 2012 but the amount was whittled down to $930 million after appeals by both Samsung and Appeal.
Later, the payment of compensation was split into $548 million for technology patents and $382 million for charges that Samsung copied Apple's packaging materials, reports the BBC.
The $382 million damages claim is yet to be decided.
