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August 12, 2020 
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Samsung foldable screen tech got stolen and sold to Chinese firms

Posted on Monday, December 03 2018 @ 12:29:41 CET by

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South Korea's Suwon District Prosecutor's Office charged 11 people with the theft of foldable screen technology secrets from Samsung. CNN writes a Samsung supplier set up a scheme to sell leaked blueprints of Samsung's flexible OLED edge panel 3D lamination technology to Chinese firms for nearly $14 million. The South Korean electronics giant spend six years and invested close to $130 million to develop the bendable screen tech.
Samsung Display, a subsidiary of the South Korean conglomerate, said in a statement Friday that it was "surprised and appalled at the results of the investigation by prosecutors."

The findings come at a time of intensifying competition for new tech among rivals.



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