LG Display Employees Charged With Stealing Trade Secrets From Samsung

LG Display on Tuesday announced that 11 people, including six of its own employees, have been charged with stealing advanced OLED TV display technology from Samsung, the Associated Press reported. Three of those charged were employees of Samsung Display at the time, and the alleged theft of OLED technology took place between 2010 and 2011. While LG has publicly denied that the company or any of its employees were involved in the theft, Samsung maintains that the firm “systematically stole its display technology and poached Samsung employees.” Both firms are vying for dominance in the display market and are moving toward thinner and lighter OLED technology.