A former executive at Samsung Electronics has been arrested and indicted in South Korea for allegedly stealing the leading chipmaker’s technology in order to build a copycat plant in China.
The indictment of the 65-year-old Korean national, who had also served as a vice-president at rival Korean chipmaker SK Hynix, comes as South Korea attempts to beef up its defences against a concerted campaign by Chinese companies to acquire cutting-edge Korean technologies.
According to a statement released by Korean prosecutors on Monday, the former Samsung vice-president, who has not been named, illegally acquired information needed to build advanced chipmaking facilities.
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