Chinese companies indicted for stealing Micron trade secrets

Chinese company charged with stealing trade secrets from US chipmaker

Chinese company charged with stealing trade secrets from US chipmaker

A Chinese state-owned company was charged with conspiring to steal trade secrets from US chipmaker Micron Technology Inc, as the Justice Department steps up actions against China in cases of suspected economic espionage.

UMC then teamed up with Fujian Jinhua "so that ultimately, China could steal this technology from the United States and then use it to compete against us in the market", Sessions said. Trump said the two talked about many topics, but mostly about trade.

The charges come as the administration of President Donald Trump pursues what it says is the threat of Chinese economic and technology espionage.

UMC issued a response noting that the allegations in the indictment and complaint are "virtually the same as allegations in a civil complaint previously filed by Micron against UMC".

"Chinese economic espionage against the United States has been increasing - and it has been increasing rapidly", Sessions said. "Global trade has been good for China, but the cheating must stop". Additionally, Wang and Ho were also charged individually with theft of trade secrets and copying and conveying of trade secrets.

"If the United States side is really concerned, they should provide concrete examples that can withstand the test of evidence and facts", Chinese foreign ministry spokesman Lu Kang told a regular press briefing. A Jinhua representative declined to comment but said the company will make an announcement "when the time is right".

Accusations China unfairly acquires technology are at the heart of escalating U.S.

Separately, Sessions a new Department of Justice initiative to combat Chinese economic espionage. Sessions said the department's National Security Division, led by John Demers, along with the Federal Bureau of Investigation and a group of U.S. Attorneys, will step up enforcement. Chen later became the president of Jinhua and was put in charge of the China-based firm's DRAM production facility.

"What we are trying to do is show that we notice what they are doing". It isn't home to even one of the top 10 producers of the crucial electronic components. DRAM is a leading-edge memory storage device used in computer electronics. The grand-jury indictments were announced on November 1, along with an initiative to counter what the agency called a growing threat of industrial espionage led by the Chinese government.

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The indictment alleges China was interested in gaining access to dynamic random-access memory, or DRAM, a type of technology it did not possess.

The announcement came amid an escalating trade war between the USA and China, and growing pressure on China over its alleged theft of hundreds of billions of dollars' worth of US intellectual property.

In December 2017, Micron filed a civil case against UMC and Jinhua in the U.S. District Court for the Northern District of California for the misappropriation of Micron trade secrets.

As per the Justice Department, a former Micron employee in Taiwan joined United Microelectronics Corp (UMC) in 2015 and also recruited two others to join him.

According to the indictment, Stephen Chen, a former president of a company Micron acquired in 2013, allegedly engineered the theft of DRAM trade secrets from Micron after he left the company to work for Taiwan-based UMC.

The trade secrets are valued at about $8.75 billion.

Three of them are alleged to have connived to bring Micron's trade secrets with them.

In January, UMC filed a patent infringement lawsuit against Micron in China. On July 5, 2018, the court in Fujian notified the Micron subsidiaries that it had issued preliminary injunctions against them. By some estimates, the cost to the USA economy is $30 billion annually.

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