Eleven individuals have been charged on Tuesday with stealing advanced OLED TV display technology from Samsung, based on an Associated Press report. Out of the eleven defendants, six are current employees of LG Display. Apparently, the larcenous act was part of an inside job as well, given that three of the culprits are bribed employees of Samsung Display, the panel-making arm of Samsung Electronics Co. The alleged theft occurred sometime between 2010 and 2011.
Although LG Display has publicly denied all allegations, Samsung maintains that LG Display has systematically stolen its display technology, besides poaching Samsung employees during the process. Both display makers are currently embroiled in a heated race for market dominance in the display sector, with each firm expected to launch their OLED TV sets in the latter half of the year.
In other news via The Korea Times, it is said that Samsung's and LG's confidential OLED technologies have fallen into the hands of Chinese and Taiwanese TV makers too, after copies of circuit diagrams have been smuggled out of manufacturing plants by employees of a subcontracted firm.