Sunday, June 14th 2020
Taiwan Court Strikes UMC and Fomer Micron Employees for Stealing Micron Trade Secrets
The Taichung District Court in Taiwan ruled in favor of Micron Technology in a case dating back to 2017, against semiconductor foundry UMC and two of its former employees. Micron had alleged that UMC and three of Micron former employees stole Micron's trade secrets and conveyed them to Mainland Chinese DRAM maker Fujian Jinhua IC. One of the accused include Stephen Chen, former president for Micron Memory in Taiwan.
The Court ruled that the three former Micron employees serve 4.5-6.5 years in prison, in addition to paying NTD 4-6 million fines, each. As for UMC, it has been ordered to pay NTD 100 million (USD $3.4 million) in damages to Micron Technology, a parking ticket value compared to the commercial damage FJIC will inflict to Micron in the years to come.
Source:
Bloomberg Law
The Court ruled that the three former Micron employees serve 4.5-6.5 years in prison, in addition to paying NTD 4-6 million fines, each. As for UMC, it has been ordered to pay NTD 100 million (USD $3.4 million) in damages to Micron Technology, a parking ticket value compared to the commercial damage FJIC will inflict to Micron in the years to come.
7 Comments on Taiwan Court Strikes UMC and Fomer Micron Employees for Stealing Micron Trade Secrets
Update, 1/30/19, 8:45 a.m. PT: The Financial Times has reported that Fujian Jinhua will stop production in March as a result of the U.S.' export restrictions. According to FT, which cited two people familiar with the DRAM maker's dealings, Fujian Jinhua is "rapidly running out of imported materials vital for keeping its fabrication plant running."
Chinese state-backed company would need U.S response. When dealing with foreign state-backed companies that engage in consumer markets, a state response would be needed.
Might wanna correct the typo in the title mah man! :p