Taiwan Court Strikes UMC and Fomer Micron Employees for Stealing Micron Trade Secrets

[btarunr]

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.



View at TechPowerUp Main Site

 

[HossHuge]

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

Excuse my ignorance but what does this mean?

 

[ValenOne]

Fujian Jinhua Reportedly Stopping Production Months After US Killed Exports to Chinese DRAM Maker (Update)

The U.S. Department of Commerce announced yesterday that U.S. companies will no longer be allowed to export goods to a DRAM maker called Fujian Jinhua Integrated Circuit Company.

www.tomshardware.com

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.

 

[Totally]

Excuse my ignorance but what does this mean?

Penalty was insignificant for the severity of the wrongdoing. e.g. It was a slap on the wrist for committing mass murder in the first degree

 

[Prima.Vera]

Industrial espionage... what else is new?

 

[tripleclicker]

Excuse my ignorance but what does this mean?

It means they fork up the fine one time and then they can keep effing you forever....unless there was something else in the ruling that says otherwise (can't use what they stole.)

 

[Assimilator]

Fomer, barely even knew 'er!

 

[sutyi]

@btarunr

Might wanna correct the typo in the title mah man!