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"SEOUL, South Korea (AP) — South Korean prosecutors have arrested and indicted a former executive of Samsung Electronics suspected of stealing trade secrets while attempting to establish a copycat computer chip plant in China.
The Suwon District Prosecutors’ Office said Monday that the unnamed 65-year-old unlawfully obtained Samsung’s factory blueprints and clean-room designs from 2018 and 2019 while trying, unsuccessfully, to replicate a chip factory in the Chinese city of Xi’an, near where Samsung operates a plant.
The technology allegedly stolen by the man’s China-based company would have been worth at least 300 billion won ($233 million) for Samsung, prosecutors said. They charged six people employed by the man with “active participation” in the tech theft."
apnews.com
The Suwon District Prosecutors’ Office said Monday that the unnamed 65-year-old unlawfully obtained Samsung’s factory blueprints and clean-room designs from 2018 and 2019 while trying, unsuccessfully, to replicate a chip factory in the Chinese city of Xi’an, near where Samsung operates a plant.
The technology allegedly stolen by the man’s China-based company would have been worth at least 300 billion won ($233 million) for Samsung, prosecutors said. They charged six people employed by the man with “active participation” in the tech theft."
Ex-Samsung exec charged with stealing trade secrets to create copycat chip factory in China
South Korean prosecutors have arrested and indicted a former executive of Samsung Electronics suspected of stealing trade secrets while attempting to establish a copycat computer chip plant in China. The Suwon District Prosecutors’ Office said the unnamed 65-year-old unlawfully obtained Samsung...
apnews.com
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