11 people charged with illegally selling Samsung's foldable screen technology

Nine people and two companies have reportedly been charged with illegally selling **Samsung’s** foldable screen technology to a Chinese rival. According to a report by Bloomberg, the chief executive officer of a Samsung supplier and eight of his employees received $13.8 million for a conspiracy to transfer organic light-emitting diode knowledge. The names of the companies and individuals have not been disclosed. Samsung has said that it is “shocked at the results of the investigation by prosecutors, at a time when competitors are intensifying their technological rivalry.” Last month, Samsung  **unveiled**  its unnamed foldable smartphone, currently known as the  **Galaxy F**  at its developer conference, and the company will apparently manufacture as many as  **1 million units**  of the device. It now **appears** that the device will be priced in the range of $1,900 to $2,500, which is about Rs 1,35,000 to Rs 1,76,000, which is quite steep. [caption id=“attachment_5520881” align=“alignnone” width=“1280”] Samsung’s folding smartphone. Image: Reuters[/caption] The company CEO DJ Koh recently  **said**  that, “possibly when we start selling the foldable phone, it may be a niche market… but definitely, it will expand. I’m positive that we do need a foldable phone.” Samsung describes its folding phone technology as Infinity Flex Display and said that  mass-production of the device should begin in a “matter of months.” The display on the tablet has a resolution of 1536 x 2152 pixels which gives it a 4.2:3 aspect ratio and a screen size of 7.3-inches. When folded, the device is an 840 x 1960 display with a tall aspect ratio of 21:9 and screen size of 4.58-inches.