Samsung’s folding wall technology was stolen and sold in China for $14 million

The South Korean company Samsung, which has become a national asset, is undoubtedly the world’s leading manufacturer of smartphones with a market share of around 20% in the last quarter, according to the research company Canalys. In this capacity, and with the goal of always being at the forefront, the company is making every effort to satisfy its loyal customers, and recently announced the launch of its latest folding wall technology for the coming weeks. The fierce competition in this field means that the protection of trade secrets must be extremely strict, and Samsung may not have done so.

, Samsung’s folding wall technology was stolen and sold in China for $14 million, Optocrypto

In a statement issued Thursday, Suwon’s prosecution accused 11 people of stealing Samsung’s technical secrets, adding that a Samsung supplier passed on plans for Samsung’s flexible 3D lamination of OLED dashboards of the company. According to the prosecution, the company founded by Samsung’s suppliers then sold the technical secrets to Chinese companies for nearly $14 million. The public prosecutor’s office refrained from naming the persons or companies involved in the theft. It is interesting to know that Samsung had invested six years and about $130 million in the development of this foldable screen.

The investigators could not find and question two Chinese suspected of being involved in the case and asked Interpol to help them find and arrest them. Of the 11 defendants, only three were arrested, and Samsung Display, a subsidiary of the South Korean conglomerate, said in a statement last Friday that it was surprised and dismayed by the results of the investigation.

As the case is still pending and all suspects have not yet been arrested and heard, it is not yet possible to formally establish someone’s guilt, but there is nothing to prevent each of us from having our own opinions.