US accuses China, Taiwan firms with stealing secrets from chip giant Micron

US Attorney General Jeff Sessions accused Beijing Thursday of backing a scheme by Chinese and Taiwan companies to steal an estimated $8.75 billion worth of trade secrets from semiconductor giant Micron. The Justice department unveiled criminal charges against Chinese state-owned Fujian Jinhua Integrated Circuit Co., and United Microelectronics Corporation (UMC) of Taiwan, along with three UMC officials. It said they conspired to rob US-based Micron's advanced designs to turn Fujian Jinhua into a major player in the global computer chip market.

from Yahoo News - Latest News & Headlines https://ift.tt/2OhMGEh