Former Samsung Exec Arrested For Stealing Semiconductor Tech To Fund Chinese Company

A former Samsung executive has been arrested for allegedly stealing semiconductor technology to start a company in China, according to the Seoul Metropolitan Police. The peopleinclude Choi, the CEO of the Chinese semiconductor company Chengdu Gaozhen (CHJS), and Oh, who is in charge of process design.Choi Jinseog, a former Samsung and SK Hynix executive, played a pivotal role in the development of DRAM memory chips at Samsung in the past.

He also contributed to Samsung Foundry wafer technologies and received numerous internal awards for his efforts. After leaving Samsung in 2001, he joined SK Hynix, but many years later, his situation took a turn for the worse. In 2020, Choi partnered with a local Chinese government to establish his semiconductor company, Chengdu Gaozhen. However, last year, his plans were derailed when he was accused of industrial espionage for stealing technology and factory designs from Samsung. Choi intended to use the stolen information to set up his semiconductor facility in China with support from the local government. Additionally, it was revealed last year that Foxconn was considered as a potential key client for Choi's venture, though Foxconn denied any involvement in the trade secrets leak. Reports from the Korean media also highlight the involvement of another ex-Samsung senior researcher, Mr. Oh, who played a significant role in the scheme. Choi recruited Oh and other South Korean semiconductor experts to steal Samsung's core memory semiconductor technologies and factory blueprints. Both Choi and Oh were taken into custody last week, according to the Seoul Metropolitan Police Agency's Industrial Technology Security Investigation Unit. Several other employees who moved from Samsung and other domestic companies to Chengdu Gaozhen are also being investigated to determine their potential involvement in the leakage of trade secrets. The leaked information, particularly related to the manufacturing process, is estimated to be worth approximately 4.3 trillion won (approximately $3.26 billion)

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Former FTX exec Ryan Salame's romantic partner indicted on campaign finance crimesMichelle Bond, the romantic partner of former FTX exec Ryan Salame, was indicted for alleged campaign finance violations.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »

Former FTX exec Ryan Salame's romantic partner indicted on campaign finance crimesMichelle Bond, the romantic partner of former FTX exec Ryan Salame, was indicted for alleged campaign finance violations.
Source: nbcchicago - 🏆 545. / 51 Read more »

Harley-Davidson failed at 'Business 101' as 'elitist jerks' rule boardrooms, says former Levi's execJennifer Sey was a senior executive at Levi Strauss before clashing with elites during COVID-19 lockdowns. 'Inmates are running the aslyum' at brands like Harley-Davidson, she says.
Source: FoxNews - 🏆 9. / 87 Read more »