Nearly a dozen suspects have been arrested and charged with crimes related to the theft and sale of AMOLED display technology under development at Samsung. Yonhap News Agency on Thursday reported that 11 suspects either currently or formerly employed by Samsung Mobile Display have been arrested. One 46-year-old researcher at Samsung is believed to have accepted a payment of nearly $170,000 from an unnamed “local rival firm” in exchange for trade secrets pertaining to proprietary Samsung technology used in the company’s AMOLED panels. The worker was deeply involved with the development of the technology in question, and he reportedly grew unhappy when he was passed over for an executive position at Samsung. According to authorities, the man unsuccessfully attempted to sell the information to a Chinese display manufacturer at that time. Experts believe that the technology in question will help Samsung take a leadership role in the emerging AMOLED TV market, which could be worth as much as $80 billion.

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Zach Epstein has worked in and around ICT for more than 15 years, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications in the US and around the world. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.