Samsung Executive Charged with Stealing Trade Secrets for Copycat Chip Factory in China

1 min read
Source: The Associated Press
Samsung Executive Charged with Stealing Trade Secrets for Copycat Chip Factory in China
Photo: The Associated Press
TL;DR Summary

A former executive of Samsung Electronics has been arrested and indicted for stealing trade secrets while attempting to establish a copycat computer chip plant in China. The man allegedly obtained Samsung's factory blueprints and clean-room designs while trying to replicate a chip factory in Xi'an. The technology allegedly stolen by the man's China-based company would have been worth at least $233 million for Samsung. Prosecutors charged six people employed by the man with "active participation" in the tech theft.

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