“Samsung’s latest bendable screen technology has been stolen and sold to two Chinese companies, according to prosecutors in South Korea,” Sherisse Pham reports for CNN Business. “The Suwon District Prosecutor’s Office charged 11 people on Thursday with stealing tech secrets from Samsung, 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,” Pham reports. “They did not name the people or companies involved in the theft.”
Pham reports, “Prosecutors said Samsung invested six years and some 150 billion won ($130 million) to develop the bendable screen.”
Read more in the full article here.
MacDailyNews Take: Karma, you beautiful bitch!
Although the theft of IP worth a mere $130 million pales in comparison with stealing the iPhone, so Karma’s got her work cut out for her.
Apple’s products came first, then Samsung’s:
Here’s what Google’s Android looked like before and after Apple’s iPhone:
And, here’s what cellphones looked like before and after Apple’s iPhone:
People who buy Android phones and tablets reward thieves.
SEE ALSO:
Corning’s bendable Gorilla Glass glass could shape the foldable phones of the future – December 6, 2018
Can foldable phones help Samsung copy Apple? – November 7, 2018
Apple granted a second patent for a folding iPhone with flexible hinge – October 16, 2018
Apple gets 49 new U.S. patents including a foldable iPhone and an iPhone design invented by Steve Jobs – September 4, 2018
BoA Merrill Lynch: Apple is prepping a ‘foldable’ iPhone; U.S. and China trade tensions not an issue for Apple – March 23, 2018
Apple seeks patent for a foldable iPhone – November 28, 2017
Apple teams up with LG Display for foldable iPhone due to concerns over tech leaks to Samsung – October 11, 2017
Apple, LG Display discuss OLED display deal for 2019 – September 7, 2017
LG Display to supply OLED panels to Apple – July 31, 2017
Apple to invest $2.70 billion in LG Display’s OLED production – July 28, 2017
Apple and LG Display plan to derail Samsung’s OLED expansion plans – July 25, 2017
LG Display to invest $3.56 billion in flexible OLED plant – May 30, 2017
Apple patent details foldable iPhone – January 26, 2017
Apple granted U.S. patent for bendable or foldable iPhone using advanced carbon nanotube structures – November 1, 2016
Will the next-gen iPhone be a flip phone? Apple is granted another patent for new flexible handset design – November 22, 2016
[Thanks to MacDailyNews Readers “Fred Mertz” and “Eric” for the heads up.]
The Chinese way.
They will end up ruling the world.
After they steal it.
Would you think China would say “Hey, that isn’t right” on accepting stolen property? Nah….cause that country is nothing but thieves and scumbags…..oh, and idiots.
US business people are also so pure and good. So like angels, they often float around and are semi-transparent and glow with a golden light.
Right, but the difference is that stealing here often (not always) results in legal challenges. In China, their Gov. is Individual 1.
China Short cut to the world top leader in no times is the only ways to the top for China.
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