US indictment accuses Chinese firm of stealing trade secrets
The US justice department has indicted three individuals and two companies based in China and Taiwan for allegedly stealing a US company’s trade secrets.
The indictment alleges that the companies and the three individuals conspired to steal trade secrets from Micron, a US semiconductor company worth $100bn (£76bn).
Those secrets were said to involve Idaho-based Micron’s work with dynamic random access memory storage devices.
Mr Sessions noted during Thursday’s news conference that this was technology that Chinese firms did not have until recently.
The attorney general described it as a “brazen scheme” to steal and clone technology in order to compete with the US.
One of the companies involved, Fujian Jinhua Integrated Circuit Co, Ltd, is a Chinese state-owned company.
Last year, Micron sued both Fujian Jinhua and the Taiwanese company United Microelectrics Corp for stealing trade secrets.
Both companies are also embroiled in a civil lawsuit from the justice department, which seeks to block them from exporting any goods created from these stolen secrets.
BBC News
https://www.bbc.com/news/world-us-canada-46066537
PRC State-Owned Company, Taiwan Company, and Three Individuals Charged With Economic Espionage | OPA | Department of Justice
Assistant Attorney General Brian A. Benczkowski of the Criminal Division Delivers Remarks Regarding Chinese Economic Espionage | OPA | Department of Justice
https://jp.wsj.com/articles/SB12279872045712324247604584568533758941554
https://www.bloomberg.co.jp/news/articles/2018-11-01/PHIYGE6S972A01?srnd=cojp-v2