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Samsung faces $5.8bn loss in sales after tech leak

OLED-producing expertise passed on to Chinese rivals

The Samsung Galaxy Note 9 is displayed at  a product launch event in Brooklyn, New York, in August.   © Reuters

SEOUL -- Samsung Electronics calculates that the recent leak of its latest display technology to Chinese rivals will cost the company 6.5 trillion won, or $5.8 billion, in sales, according to prosecutors.

The South Korean prosecution team said on Nov. 30 that a Korean supplier to Samsung sold 16 panel-processing machines to Chinese companies and was also assisting the Chinese in acquiring the technology.

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