China's technology giant Huawei and Samsung China have reached a settlement in a series of infringement disputes involving standard essential patents through mediation from the court, which concluded on Tuesday.

According to a statement released by the Guangdong High People's Court on Tuesday, the two companies will gradually withdraw related lawsuits globally.

Huawei and Samsung, who have filed more than 40 lawsuits in China and the rest of the world, have conducted many rounds of talks on cross-licensing of patents since 2011, but no progress had been achieved in previous years, the statement read.

Shenzhen Intermediate People's Court ruled on Jan 11, 2018, that Samsung's 4G smart terminal products manufactured and sold in China had infringed on Huawei's two patents in the first instance of trial. But Samsung refused to accept the verdict and appealed to the Guangdong High People's Court.

Huawei and Samsung finally reached a mediated settlement after many rounds of mediation from the provincial court, and both sides agreed to implement relevant agreements in accordance with the Patent Licensing Agreement and properly settle disputes.

The peaceful settlement of the case has helped boost cooperation and development in the global communication industry between the two companies, and achieved positive legal and social effects, the statement read.