As per information revealed, it has been surfaced that about nine guys in 2 alternative companies have been allegedly involved in selling Samsung’s fresh curved OLED present tech to few third-party vendor. The third-party vendor is reportedly some Chinese company. Samsung’s supplier, TopTec Co LTD’s CEO was among guys who are arrested above the matter.
In detail, CEO of the Samsung’s supplier manufacturer and most eight employees are involved in this whole racket. They have received $13.8 million combines for passing on the details of the private documents of Samsung’s curved-edge OLED present.
In order to deliver the thing watch original and hide it in the agencies, the group formed a shell company. It helped them to receive present display information in Samsung Show, and later they passed on the same tech to the Chinese manufacturer. The allegations on Toptec Additionally include selling of Samsung’s “3D lamination” tech.
As per an estimate, Samsung has employed enormous resources both monetary and human to build this technology. Approximately, they employed 38 engineers and invested $134 million in developing the flowed out display panel.
In a statement by Samsung Display, Bloomberg said in a statement that they are “shocked at the achievements of the investigation by prosecutors, at a time after competitors are intensifying their technological rivalry.” Even the South Korean government is acting excellently as they believe it to be a national core technology.
Exact same matters are of superb concern for the technology world, as it can destroy the production environment for inventions and other new technologies. It can prove a major debacle for the company who have gained such technology whenever the hard work of couple of several years.
It’s not a new thing in the technology game, various times companies have alleged of stealing their technologies. Recently, Uber was accused of stealing trade secrets in the Alphabet’s Waymo.
We hope this time, whoever has committed the crime of stealing the technologies must be put behind bars with a huge penalty. Which do you say When it comes the theft and stealing of patents and other fresh technologies those days? Is it everything that government need to keep a check? Share your essential thoughts via comments below.