Samsung’s latest bendable screen technology has been stolen and sold to two Chinese companies, according to prosecutors in South Korea.
The Suwon District Prosecutor’s Office charged 11 people on Thursday with stealing tech secrets from Samsung (SSNLF), the office said in a statement.
The prosecutors allege that a Samsung supplier leaked blueprints of Samsung’s “flexible OLED edge panel 3D lamination” to a company that it had set up. That company then sold the tech secrets to the Chinese firms for nearly $14 million, according to the prosecutors.
Samsung invested 130 million dollars and six years of work to develop this technology – only to have it stolen and sold to Chinese competitors. Crazy.