Chip war: former Samsung executives arrested for allegedly stealing tech for China

Posted under: Online Security
Date: 2024-09-12
Chip war: former Samsung executives arrested for allegedly stealing tech for China

South Korean police have arrested two former Samsung Electronics officials for stealing technologies worth over 4.3 trillion won (US$3.2 billion) to build a copycat chip-making plant in China. The pair collaborated with local Chinese officials to establish a semiconductor facility, leaking Samsung memory technologies through a joint venture. The police said the theft weakened the nation's competitiveness amid a global chip war between major powers.

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