Charged for Divulging Samsung Flexible Display Trade Secrets

Charged for Divulging Samsung Flexible Display Trade Secrets

Reuters reports that nine people who are suspected of "leaking " details that show how Samsung created the flexible display technology have been indicted by South Korean prosecutors.

Samsung is the market leader for smartphone- and tablet-sized OLED displays. The group of nine people then sold these documents and "3D lamination" technology to an unnamed Chinese company between May and August of this year for 15.5 billion won (~$13.8 million).

South Korean prosecutors say Samsung Display has invested 150 billion won into Samsung flexible display technology over the past six years. Three of them are now arrested and await trial while the list includes the company's CEO too.

The prosecutor's office has accused the charged individuals with forming a shell company that received leaked information belonging to Samsung Display regarding the technology. The two companies, Toptec and its affiliate, were also indicted. The firm promptly moved to dual curved edges which it continues to use as one of the main unique selling points of its Android flagships. The technology business is prone to acts of industrial espionage and this is not the first time Samsung has had to deal with having its secrets illegally shared with competitors.

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Toptec has grown fast by supplying a large amount of 3D lamination equipment to Samsung Display.

It should be noted that Huawei is now competing with Samsung in a race to launch the world's first foldable smartphone.

In a separate statement sent to Reuters, Toptec denied any wrongdoing.

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". "Our company will fully cooperate with legal proceedings to find the truth in court." said Toptec which is the company that is accused of stealing the secrets.

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