11 suspects have been arrested and charged with crimes related to the alleged theft of AMOLED display technology currently under development at Samsung, South Korea. A news report on Thursday revealed that 11 suspects all of which were employees of Samsung formerly and currently have been arrested in relation to this theft. One 46-year-old researched at Samsung is reported to have accepted a payment of nearly $170,000 from a “local rival” which is unnamed in exchange for trade secrets pertaining to private Samsung technology that is used in its AMOLED panels.
The worker in question was deeply involved with the development of the technology but grew unhappy when he was overlooked for an executive position at Samsung. According to experts, the technology related to Samsung’s AMOLED screens will help the South Korean electronics giant take a leading role in the emerging AMOLED TV market which could be worth as much as $80 billion.
Next Story: New Case Turns iPad into a Mini MacBook Pro
- 2014-04-13: Android 4.4 For Galaxy S3 And Galaxy Note 2 Still On The Cards
- 2014-04-13: Google Executive Says No iPhone Features Were Copied For Android
- 2014-04-13: Samsung Galaxy S5 Root For T-Mobile And Sprint Variants Available
- 2014-04-11: Galaxy S5 PayPal Fingerprint Support Disabled By Verizon
- 2014-04-11: T-Mobile Offering BlackBerry Users $200 To "Upgrade" To Samsung
- 2014-04-07: 10.5-Inch Samsung AMOLED Tablet Specs Leaked
- 2014-03-23: Samsung 10.5-Inch AMOLED Tablet Presumably Spotted
- 2014-03-16: Samsung Hungary Hints At AMOLED Display Touting Galaxy TabPRO
- 2013-12-18: Samsung Reportedly Launching 10.5 Inch AMOLED Tablet Next Month
- 2013-01-23: Samsung Galaxy S4 Could Feature Higher Than 440 PPI Display