"We believe that working closely with Nanosys will help us to develop exciting new products for our customers that will address needs in the world's largest markets across a number of technologies, " said Seungho Ahn, Senior Vice President of the Intellectual Property Center, Samsung Electronics.

ENGADGET: Nanosys forms alliance with Samsung to further the art of nanotech, fight the gray goo menace

In other news, Apple, the US electronics giant, appeared in court in Shanghai yesterday accused by a local firm of violating intellectual property rights in its software used on Siri, China Daily reports.

BBC: China media: Brics as 'global force'

Chinese acquisitions will bring a treasure trove of Intellectual Property (IP), or a huge cache of patents held by the Japanese electronics firm.

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