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Ex-Samsung executive alleged to have stolen tech to recreate chip plant in China

Posted on June 12, 2023 by Xordac Prime
Samsung and ROK flags

Enlarge / A South Korean flag, left, and Samsung Electronics Co. flag fly outside the company’s headquarters in Seoul, South Korea, on Friday, July 5, 2019. (credit: Bloomberg via Getty Images)

A former executive at Samsung Electronics has been arrested and indicted in South Korea for allegedly stealing the leading chipmaker’s technology in order to build a copycat plant in China.

The indictment of the 65-year-old Korean national, who had also served as a vice president at rival Korean chipmaker SK Hynix, comes as South Korea attempts to beef up its defenses against a concerted campaign by Chinese companies to acquire cutting-edge Korean technologies.

According to a statement released by Korean prosecutors on Monday, the former Samsung vice president, who has not been named, illegally acquired information needed to build advanced chipmaking facilities.

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Source: Ars Technica – Ex-Samsung executive alleged to have stolen tech to recreate chip plant in China

This entry was posted in Ars Technica, Unfiltered RSS and tagged Ars Technica by Xordac Prime. Bookmark the permalink.
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