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Home / Technology / Samsung's folding display technology has been stolen and sold to China

Samsung's folding display technology has been stolen and sold to China



Suwon District Prosecutor Office charges 11 people on Thursday with stealing tech secrets from Samsung (SSNLF), the office said in a statement.

The charges claim that a Samsung supplier leaked drawings of Samsung's "Flexible OLED Edge Panel 3D Lamination" to a company it had set up. The company then sold the technical secrets of the Chinese companies for almost $ 14 million, according to the actors.

De does not name the persons or companies involved in theft .

Samsung Display, a subsidiary of the South Korean conglomerate, said in a statement Friday that it was "surprised and shaken at the results of the investigation's investigation".

The results come at a time to increase competition for new technology among rivals.

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Prosecutors said Samsung invested six years and around 150 billion won (130 million dollars) to develop the bendable screen.

Demand for advanced smartphones begins to decline in key markets, companies have searched for the next big thing to convince consumers to upgrade their devices.

Samsung's bendable screen had been hyped as a potential game shifter. The company celebrated the technology at a conference earlier this month, showing images of a new folding smartphone.

Samsung is the world's largest smartphone maker, accounting for about 20% of world markets last year, according to research firm Canalys.

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Investigators have not been able to track down and ask questions to two Chinese people who believed involved in the matter and have asked Interpol to find help and catch them. Of the 11 accused, three have been arrested.

A trial date is not specified yet.


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