U.S. Accuses Two Chinese Firms of Stealing Trade Secrets From Micron Technology
November 01 2018 - 2:02PM
Dow Jones News
By Aruna Viswanatha, Kate O'Keeffe and Dustin Volz
U.S. authorities accused a Chinese state-owned firm, its
Taiwanese partner and several individuals of stealing trade secrets
from America's largest memory-chip maker, Micron Technology Inc.,
according to an indictment unsealed Thursday.
The indictment is the latest in a flurry of charges targeting
alleged Chinese technology theft as the Trump administration takes
an aggressive stance against Beijing.
The criminal defendants named in the indictment are United
Microelectronics Corp., a Taiwan semiconductor foundry that is
publicly traded on the New York Stock Exchange; Chinese state-owned
Fujian Jinhua Integrated Circuit; and three Taiwan nationals.
Attorney General Jeff Sessions also criticized China on
Thursday, saying it was violating an accord reached with the Obama
administration under which both governments agreed not to support
cyberattacks to steal corporate secrets from one another.
"In 2015, China committed publicly that it would not target
American companies for economic gain," Mr. Sessions said.
"Obviously, that commitment has not been kept."
(END) Dow Jones Newswires
November 01, 2018 13:47 ET (17:47 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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