Monday, June 15, 2020

Industrial Espionage Case: U.S. Company Awarded $3.36 Million

United Microelectronics Corp. (UMC), Taiwan's second largest pure wafer foundry operator, has been ordered to pay a fine of NT$100 million (US$3.36 million) by a district court in Taichung City which found the company and three of its employees guilty in a trade secret theft case brought by U.S.-based memory chipmaker Micron Technology Inc...

Prosecutors launched a probe into the alleged industrial espionage in February 2017 and decided to charge UMC and the three UMC employees in September, citing violation of Taiwan's Trade Secrets Act for sharing the information with Jinhua. more