According to information disclosed, it has become apparent that around nine people from two different companies have been alleged to…
According to information disclosed, it has become apparent that around nine people from two different companies have been alleged to be involved in selling Samsung’s new curved OLED display technology to any third party provider. The third party supplier is reportedly a Chinese company. Samsung’s supplier, TopTec Co LTD’s CEO, was among people arrested over the matter.
In detail, the CEO of Samsung’s suppliers and other eight employees are involved in this entire racket. They have received a total of $ 13.8 million to transfer the details of the private documents from Samsung’s arcuate OLED screen.
To get the case to see original and hide it from the agencies, the group formed a shell company. It helped them to receive display information from Samsung Display, and later they went on the same technology to the Chinese company. The claims about Toptec also include the sale of Samsung’s “3D lamination” technology.
In an estimation, Samsung has employed enormous resources both monetary and human to build this technology. Rather, they employed 38 engineers and invested $ 134 million in developing the leaked display.
In a statement by Samsung Display Bloomberg said in a statement that they “shocked the results of the prosecution of prosecutors, at a time when competitors intensify their technical rivalry.” The South Korean government acts excellently as they think it is a national nuclear technology.
Similar issues are of great concern to the tech world, as it can destroy the production environment for inventions and other new technologies. It may turn out to be a big debakel for the company that has got such technology after the hard work for several years.
It’s not a new thing in the technology world, different times, companies have claimed that they’re stealing their technology. Recently, Uber was accused of stealing business secrets from the Waymo alphabet.
We hope this time, the one who committed the crime to steal the technology should be put behind bars with a big penalty. What do you say about theft and steal patents and other new technologies today? Is there something that the government is going to hold a check? Share your important thoughts via comments below.