Ex-Samsung exec stole plans to build copycat chip plant: prosecutors

United States News News

Ex-Samsung exec stole plans to build copycat chip plant: prosecutors
United States Latest News,United States Headlines
  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

A former Samsung exec stole plans for a chipmaking plant in China — then tried to replicate it across town, prosecutors say

A former Samsung executive stole blueprints and trade secrets from his ex-employer — and then tried to set up a microchip factory in China less than a mile away from Samsung's own, prosecutors said.

Plans to establish a copycat factory — in what would be less than a 20-minute walk from one of Samsung'sin China — had begun to make progress before prosecutors intervened. The Suwon District Prosecutors' Office said Monday that it was taking"stern legal measures" against the former executive, according to aIn a statement, prosecutors described the arrested man as an"undisputed top domestic expert in semiconductor manufacturing." After an 18-year career at Samsung, he held executive roles for a decade at SK Hynix, another major South Korean chipmaker, which trails Samsung in the memory chip market, according to prosecutors.

The manufacturing secrets that prosecutors said were taken from Samsung included processing blueprints and"basic engineering data" for designing clean-room environments to prevent contamination during semiconductor manufacturing, which prosecutors described as"core national technologies."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BusinessInsider /  🏆 729. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Former Samsung executive charged over alleged plans to build copycat chip factory in China | CNN BusinessFormer Samsung executive charged over alleged plans to build copycat chip factory in China | CNN BusinessSouth Korean prosecutors have indicted a former Samsung executive for allegedly working with competitors who tried to build a copycat semiconductor factory in China.
Read more »

Former Samsung executive accused of trying to copy an entire chip plant in China | EngadgetFormer Samsung executive accused of trying to copy an entire chip plant in China | EngadgetFormer Samsung executive accused of trying to copy an entire chip plant in China
Read more »

Ex-Samsung Elec executive indicted over alleged data theft for China factoryEx-Samsung Elec executive indicted over alleged data theft for China factorySouth Korean prosecutors said they indicted a former Samsung Electronics executive on Monday on suspicion of stealing the company's technology to build a chip factory in China.
Read more »

Ex-Samsung exec charged with stealing trade secrets to create copycat chip factory in ChinaEx-Samsung exec charged with stealing trade secrets to create copycat chip factory in ChinaSouth 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 factory blueprints and clean-room designs from 2018 and 2019 while trying, unsuccessfully, to replicate them at his own factory in the Chinese city of Xi’an, near where Samsung operates a plant. Prosecutors say the technology allegedly stolen would have been worth at least 300 billion won ($233 million) for Samsung. Six other people have been charged in the case.
Read more »

Ex-Samsung Executive Indicted Over Plan to Build a China Chip Factory With Stolen BlueprintsEx-Samsung Executive Indicted Over Plan to Build a China Chip Factory With Stolen BlueprintsA former Samsung executive was indicted in South Korea, accused of starting a company that attracted about $6 billion in investments to build a China-based chip factory using Samsung’s factory blueprints and other engineering secrets
Read more »

Former Samsung Exec Allegedly Stole Plans for an Entire Chip PlantFormer Samsung Exec Allegedly Stole Plans for an Entire Chip PlantThe unnamed tech executive intended to replicate Samsung designs at a new chip factory in China, prosecutors say.
Read more »



Render Time: 2025-02-24 05:52:16