Leaked Samsung curved screen tech to cost the company $5.8 billion

Samsung foldable phone

Earlier this week, South Korean media reported that a Samsung supplier sold Samsung’s curved screen technology to Chinese competitors, and leaked the technology of attaching the glass of the curved screen smartphone to the OLED panel. In response, Samsung publicly stated that the leak of this technology will result in the company’s sales loss of $5.8 billion in the next three years and the profit loss will hit of $890 million.

Samsung Galaxy S10

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A South Korean supplier sold 16-panel processing equipment to Chinese companies and assisted China in acquiring the technology, while eight other such units are on sale. According to sources, two companies actually acquired the technology, while the two others are trying to acquire the technology. It is expected that there will be a strong market demand for this curved screen in the future.

There is currently an ongoing legal battle due to this leak. The company’s prosecutor has filed a lawsuit against the president of Samsung, the supplier of Toptec, and other executives, over the illegal sales of this technology to Chinese companies. Those suspected of acquiring this technology include BOE and three other Chinese firms.

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1 Comment

  1. I_am_MrSatyre
    December 2, 2018

    Nice to see traitors are everywhere.