5 days agoSouth Korea charges 9 people with selling Samsung secrets to China
Periskopi(8 years ago)
(8 years ago)South Korean prosecutors have pressed charges against nine people and two companies for selling Samsung intellectual secrets to a Chinese company, Bloomberg reported late Wednesday in a statement by prosecutors. Illegal transfer of knowledge included what Bloomberg described as knowledge of OLED. Samsung makes their screens [...]
Illegal transfer of knowledge included what Bloomberg described as knowledge of OLED. Samsung makes their telephone screens with screens coveted by OLEDs. Soon I will work on OLED's magic for the next folded phone.
Specific companies involved have not been appointed. But it becomes known that the Chinese entity that took away trade secrets is a screenmaker.
Besides stealing secrets, the supplier has reportedly sold 3D and other equipment to the Chinese company, which violated its non-intelligence agreement (NDA) with Samsung.
China is trying to increase its national intellectual property, as part of a campaign known as China 2025, which aims to boost China's role as a producer and not just an founder. This campaign is part of the push for Trump's trade war, because the US really doesn't want China to take the role of IP producers.
