Indictment details plan to steal Samsung secrets for Foxconn China project
A former Samsung executive has been indicted in South Korea for stealing trade secrets and other confidential information to help Foxconn set up a chip factory in China.
Choi Jinseog, who worked at Samsung for 15 years, was arrested in 2022 on suspicion of stealing information about Samsung's chip manufacturing process. Prosecutors allege that Choi used his knowledge of Samsung's technology to help Foxconn build a chip factory in China that would compete with Samsung.
The indictment alleges that Choi stole information about Samsung's cleanroom technology, which is used to create a dust-free environment for chip manufacturing. Choi also allegedly stole information about Samsung's chip design process and its procurement network.
Prosecutors say that Choi's actions caused more than $200 million in damages to Samsung. They are seeking a prison sentence of up to 10 years for Choi.
The case has raised concerns about the security of South Korea's technology secrets. Samsung is one of the world's leading chipmakers, and its technology is essential to the global semiconductor industry.
The indictment of Choi is a reminder that trade secrets are valuable assets and that companies must take steps to protect them. Samsung has said that it is taking steps to improve its security measures in response to the case.
Here are some additional details about the case:
- Choi Jinseog worked at Samsung from 2003 to 2018.
- He was arrested in 2022 on suspicion of stealing trade secrets and other confidential information.
- The indictment alleges that Choi stole information about Samsung's cleanroom technology, chip design process, and procurement network.
- Prosecutors are seeking a prison sentence of up to 10 years for Choi.
- The case has raised concerns about the security of South Korea's technology secrets.
- Samsung has said that it is taking steps to improve its security measures in response to the case.
The case is a reminder that trade secrets are valuable assets, and that companies must take steps to protect them.