Former Samsung Exec Allegedly Stole Plans for an Entire Chip Plant

The unnamed tech executive intended to replicate Samsung designs at a new chip factory in China, prosecutors say.

Gizmodo reached out to the prosecutor’s office for independent confirmation and comment, as well as Samsung’s press office, but did not hear back by publication time.in the world, for 18 years and another South Korean chipmaker, SK Hynix, for an additional decade. Then, he started up new chip companies in China and Singapore, poaching about 200 former Samsung and Hynix employees in the process, according to prosecutors.

“It’s a grave crime that could deal a heavy blow to our economic security by shaking the foundations of the domestic chip industry at a time of intensifying competition in chip manufacturing,” the prosecutor’s office additionally said, accordingSix others, on top of the exec, have been indicted on charges related to the same alleged scheme.

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