Samsung foldable screen tech got stolen and sold to Chinese firms

Posted on Monday, December 03 2018 @ 12:29 CET by Thomas De Maesschalck
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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.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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