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South Korean Indictments Target Leak of Samsung Curved-Edge Display Technology to Chinese Company

posted by martyb on Friday November 30 2018, @04:52PM   Printer-friendly
from the decisions-have-consequences dept.

takyon writes:

Nine people charged with selling Samsung's curved display tech

Prosecutors in South Korea have indicted nine people and two companies for allegedly selling Samsung's curved-edge OLED display tech (which it uses in its flagship Galaxy phones) to a company in China. The CEO of Samsung supplier Toptec Co Ltd was among three people arrested over the scheme. Prosecutors say he and eight employees received about $13.8 million for the intellectual property.

The group allegedly formed a shell company that received documents related to display panels from Samsung subsidiary Samsung Display, and sold them and "3D lamination" technology to the unidentified Chinese company. Toptec sells automated equipment to make display panels for phones and the company has denied any wrongdoing, according to Reuters.

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  • (Score: 0) by Anonymous Coward on Friday November 30 2018, @10:34PM

    by Anonymous Coward on Friday November 30 2018, @10:34PM (#768492)

    Normally the company execs are tripping all over themselves to hand over their crown jewels, for a vague promise of access to "a billion customers!!11!".
    Instead, they lose all markets except for 1st world "western" countries once their Chinese "partner" opens up a new factory down the street.