News

Samsung accuses LG of stealing its OLED technology

LG Display company has had six of its employees charged with theft of intellectual property from Samsung Mobile Display company. The six employees at LG display company leaked or stole Samsung mobile’s OLED technology and business “secrets”.

This comes after an indictment filled in the Suwon District court in South Korea states that two of the six accused LG employees used to be employees of Samsung mobile display company. Samsung mobile display company have requested a formal apology from LG Display company and the necessary procedures to be put in place that ensure such a scenario will not occur again in the future.

In an email sent out yesterday, Samsung Display Company said that LG display had systematically stolen Samsung’s OLED technology and essential staff in order to overcome its own shortcomings in its OLED development. LG said in response to this that the information obtained is no secret, and is just standard industry knowledge – therefore nothing was “stolen”. In further response to this campaign which LG display considers bad for its reputation, it is now opening legal proceedings against Samsung for defamation.

This is all quite surprising given that LG Display also merged with Samsung Display Co. this month.

Source

Ryan Martin

Disqus Comments Loading...

Recent Posts

Lenovo IdeaPad Slim 3

Designed for those who are constantly on the go and impacting their lives, the IdeaPad…

58 seconds ago

Crucial Pro DDR5 RAM 32GB Kit (2x16GB) 6000MHz CL36, Overclocking Gaming Memory

COOL BLACK LOOK & FEEL: Our DDR5 Pro Overclocking Memory features a black, aluminum heat…

2 mins ago

Seagate Desktop, 8 TB, External Hard Drive HDD

Amazon Exclusive Ideal for the home, office, or dorm, the Seagate Desktop Drive offers 8TB…

3 mins ago

Bose QuietComfort Wireless Noise-Cancelling Earbuds

SOUND WITHOUT COMPROMISE: Seize the day your way and defy distractions using these wireless Bluetooth…

9 mins ago

Acer Predator Helios 16 PH16-72 Gaming Laptop,

BEYOND FAST: The new Predator Helios Neo 16 lets you play the most demanding games…

10 mins ago

Dell S3422DW 34 Inch WQHD

The three-sided ultrathin bezel design in an ultrawide WQHD (3440 x 1440) curved screen lets…

11 mins ago