With Q in decline and disarray, Carly (Fiorina) might well be acquiring the island of Atlantis - James C. Blasius
KOREAN HARDWARE GIANT Samsung has filed an injunction against LG Electronics claiming its competitor nabbed trade secrets relating to organic LED (OLED) screens.
Both LG and Samsung have been developing OLED screens for a number years and the display technology is extremely popular in smartphones due to its low power and vibrant colour saturation. Now Samsung has claimed that LG acquired its trade secrets by luring ex-employees to work for the company and is seeking compensation of 1bn won.
Back in July, 11 people including current Samsung employees were indicted on charges of leaking confidential information from Samsung to LG. Samsung then asked LG to issue an apology over this matter.
A Samsung official told the Yonhap wire service, "LG Display has consistently acquired our OLED technologies and other business secrets by inducing our researchers to transfer. Over the past 10 years, we invested more than 1 trillion won in the field. Thanks to our efforts, we now hold exclusive tech that allows us to claim nearly 99 percent of the world's OLED market."
When Samsung initially made the allegations, LG said it would countersue at a later date for defamation. LG and Samsung have a bitter rivalry in their home market and the two firms compete in the display market, with companies such as Apple placing huge orders for display panels. µ
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