Samsung Is a Victim of Industrial Espionage as Foldable Screen Tech Sold to China

Stefan Mileschin · 4th December 2018, 14:57

Samsung had trade secrets related to its foldable screen technology allegedly stolen by Samsung supplier Toptec who sold it to Chinese rivals for $14 million. Toptec has an affiliate paper company in China that it used to transfer the blueprints of Samsung's "flexible OLED edge panel 3D lamination" to China. Then they used that company to sell the cutting-edge technology to Chinese companies. Samsung invested over $130 million and 6 years to develop the bendable screen technology. Samsung had just teased the technology at a reveal last month. Samsung's bendable screen had been hyped as a potential game changer. The prosecutors' office insisted that the leakage had caused financial damage, worth 6.5 trillion won in revenue and 1 trillion won in operating profit, to the affiliate of tech giant Samsung Electronics over the past three years.

http://www.hardocp.com/news/2018/11/...sold_to_china/

4th December 2018, 14:57	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,500	Samsung Is a Victim of Industrial Espionage as Foldable Screen Tech Sold to China Samsung had trade secrets related to its foldable screen technology allegedly stolen by Samsung supplier Toptec who sold it to Chinese rivals for $14 million. Toptec has an affiliate paper company in China that it used to transfer the blueprints of Samsung's "flexible OLED edge panel 3D lamination" to China. Then they used that company to sell the cutting-edge technology to Chinese companies. Samsung invested over $130 million and 6 years to develop the bendable screen technology. Samsung had just teased the technology at a reveal last month. Samsung's bendable screen had been hyped as a potential game changer. The prosecutors' office insisted that the leakage had caused financial damage, worth 6.5 trillion won in revenue and 1 trillion won in operating profit, to the affiliate of tech giant Samsung Electronics over the past three years. http://www.hardocp.com/news/2018/11/...sold_to_china/

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