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Samsung's Foldable Screen Tech Has Been Stolen, Sold To China (cnn.com)
Prosecutors in South Korea say that Samsung's latest bendable screen technology has been stolen and sold to two Chinese companies. "The prosecutors allege that a Samsung supplier leaked blueprints of Samsung's 'flexible OLED edge panel 3D lamination' to a company that it had set up," reports CNN. "That company then sold the tech secrets to the Chinese firms for nearly $14 million, according to the prosecutors." CNN reports: The Suwon District Prosecutor's Office charged 11 people on Thursday with stealing tech secrets from Samsung, the office said in a statement. They did not name the people or companies involved in the theft. Samsung Display, a subsidiary of the South Korean conglomerate, said in a statement Friday that it was "surprised and appalled at the results of the investigation by prosecutors."
Prosecutors said Samsung invested six years and some 150 billion won ($130 million) to develop the bendable screen. Investigators have not been able to track down and question two Chinese individuals believed to be involved in the case, and have asked Interpol to help find and detain them. Of the 11 people indicted, three have been detained.
Prosecutors said Samsung invested six years and some 150 billion won ($130 million) to develop the bendable screen. Investigators have not been able to track down and question two Chinese individuals believed to be involved in the case, and have asked Interpol to help find and detain them. Of the 11 people indicted, three have been detained.
none of which bears any similarity to property.
There's plenty of similarity. Just like physical property, patents, trademarks, and copyrights can be bought and sold. Each grants the owner with unique rights. Sounds a lot like property to me. In the United States, property-like rights for patents and copyrights originate in the US constitution, which says "[The Congress shall have power] to promote the progress of science and useful arts, by securing for limited times to authors and inventors the exclusive right to their respective writings and discoveries.” The courts have consistently ruled for over 100 years that this includes the ability to buy and sell them.