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Former Samsung execs arrested for allegedly using stolen memory tech to build chip factory in China — suspects leaked $3.2B worth of Samsung secrets
The South Korean allegedly built a chip factory in China to manufacture copied Samsung chips.
The authorities reported that one of the arrested suspects, 66-year-old Mr. Choi, set up a joint venture building chips in China alongside some local officials and served as its CEO (via Bloomberg). The police said Choi’s move “weakened the nation’s competitiveness when the countries are in a global chip war.” With the capture of the company’s head, the authorities claim that this will stop the operation of the Chinese venture. While Beijing has remained mum on this issue, the country needs to develop its homegrown semiconductor technology, primarily as it relies on the West for almost 99% of its critical chipmaking tools.
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