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Stolen Samsung AMOLED technology sold to rival, 11 suspects arrested

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

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content.

Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment. His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.