Samsung foldable screen tech stolen and sold to China
- Samsung’s Infinity Flex foldable display, on which the company has been working on since the past six years, has allegedly been stolen and sold to two Chinese companies.
- According to prosecutors in South Korea, 11 people from Samsung’s top supplier stole folding display tech blueprints and then sold them to Chinese firms for around US $14 million. These 11 individuals have now been charged for the same.
- Samsung’s display division, which has invested nearly US $130 million in this technology, said that it was “surprised and appalled at the results of the investigation by prosecutors”.
- Samsung’s foldable screen is an effort to counter the weakening demand for high-end phones in recent times. The company aims to lure people into buying its phones with one of the most radical hardware innovations.
- The first foldable phone from the company is rumoured to be called the Samsung Galaxy F and is expected to launch in March 2019.