China state-owned company charged with stealing US tech trade secrets

A state-owned Chinese company was charged by the Justice Department on Thursday for stealing trade secrets from an American chip manufacturer. It’s the fourth instance in which the Department has indicted Chinese conspirators for attempting to steal trade secrets in the past month, and with this momentum, the Department is announcing a new initiative to combat economic espionage from the country.

In its indictment, the Department claims that China’s Fujian Jinhua Integrated Circuit Co. and Taiwan’s United Microelectronics Corp. (UMC) worked to steal trade secrets from a US chipmaker, Micron Technologies.

Micron is an Idaho-based chipmaker that, according to Attorney General Jeff Sessions, is worth over $100 billion and owns 20–25 percent…

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