Monday, November 5, 2018

Business Espionage: Ex-Employees Allegedly Steal Trade Secrets Valued At Over $400 Million


Three individuals who worked for DRAM maker's Taiwan subsidiary stole Micron IP to benefit company controlled by China's government, US says in indictment.

Like many other businesses, semiconductor manufacturer Micron Technology employs a range of physical, electronic, and policy measures to protect its trade secrets. Yet all it took for the company to allegedly lose intellectual property worth at least $400 million to a Chinese competitor was two employees with legitimate access to the data.

A federal indictment unsealed this week in the US District Court for the Northern District of California described Micron as the victim of economic espionage involving a Taiwanese semiconductor company, a state-owned company in China, and three individuals who previously worked for Micron. more