Seoul [South Korea], June 13 (ANI): A 65-year-old former Samsung Electronics govt was indicted on Monday for allegedly stealing South Korean semiconductor manufacturing secrets and techniques with the intention to assemble a competitor facility in China, in response to Asia Nikkei.
A 65-year-old former Samsung govt was charged by the Suwon District Prosecutors’ Office with transmitting company secrets and techniques to a overseas authorities, China. The claims come amid rising US-China tensions following Washington’s blockade of Beijing’s entry to stylish chip applied sciences.
Prosecutors stated the defendant tried to create a semiconductor manufacturing unit in Xi’an sponsored by Chengdu City and a Taiwan enterprise in 2018 and 2019, utilizing illegally obtained Samsung schematics, however they didn’t reveal his title.
According to Asia Nikkei, the accused additionally served as a Vice President at SK Hynix, one other South Korean chipmaker.
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“The blueprints are business secrets which the company [Samsung] has developed for more than 30 years through trial and error. It is worth at least 300 billion won (USD 233 million),” stated the prosecutors’ workplace in an announcement.
“If the same or similar quality of chips [with Samsung] were mass-produced in China, it might have caused unrecoverable losses to the domestic semiconductor industry,” the prosecutor’s workplace stated, Asia Nikkei reported.
South Korean prosecutors stated on Monday the defendant additionally employed about 200 employees from native chip producers together with Samsung. The authorities indicted six extra of his staff over comparable allegations. (ANI)