South Korean Police Raid Samsung Offices During OLED Investigation
April 10, 2013 11:48 AM
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Samsung says it has the best technology and doesn't need to steal
Police in South Korea have raided the offices of Samsung Electronics' display manufacturing arm. The raid was made in conjunction with a police investigation into allegations of technology used in OLED panel manufacturing.
Authorities say that the investigation is seeking information on whether partners of rival display maker LG Display Co. leaked technology secrets to competitors and whether or not Samsung was involved.
Both Samsung and LG have been involved in criminal probes after allegations of criminal activity surfaced last year. In July 2012, six LG Display employees were charged with stealing OLED technology from Samsung.
LG Display maintains that it did not report Samsung to the police to kick off the current investigation.
Competition in the OLED market is fierce as consumer demand for TVs and other electronics products using the technology is expected to grow significantly. OLED TVs are expected to be one of the biggest growth segments in the industry over the next several years.
Samsung and LG have been
tied up in South Korean courts
for years over patents relating to OLED technology.
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RE: This is nothing
4/11/2013 1:16:49 AM
Yeah, you are right about that. I suspect that you are a Samsung fanboy and possibly a stock owner. Sadly to inform that Little Fat Kim had secretly bought lots of LG stock during LG legal debacle last year, and will maneuver to offer Apple OLED panels at little above cost.
Samsung will have a potent competitor right from their backyard.
Additionally, the Chinese will back LF Kim because the more secrets stolen, the better the future for Hon Hai Electronics.
RE: This is nothing
4/11/2013 4:23:24 PM
I suspect that you are a Samsung fanboy and possibly a stock owner.
That's definitely a first. I've never been called a Samsung fanboy before.
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