UMC vows to clear name against U.S. charges | Economics

04 November, 2018, 10:30 | Author: Charlene Valdez
  • Attorney General Jeff Sessions announces criminal charges against Chinese and Taiwanese electronics companies accused of stealing the technology of US semiconductor giant Micron

Department of Justice officials say alleged Chinese economic espionage is "increasing rapidly", and they have established a high-level initiative dedicated to countering what they call a pervasive threat to US national security. In its accusation, the Department guarantees that China's Fujian Jinhua Integrated Circuit Co. what's more, Taiwan's United Microelectronics Corp. This week, prosecutors unveiled charges against two alleged Chinese spies for orchestrating a conspiracy to steal prized jet engine technology from private companies.

China challenged the United States Friday to show evidence to support charges that Beijing backed a scheme by Chinese and Taiwanese companies to steal trade secrets from a US-based semiconductor firm.

As both countries place greater emphasis on competition and security, the big question, analysts say, is whether the two governments can maintain commercial engagement despite increasing tensions over the quest for technological supremacy.

"Chinese economic espionage against the United States has been increasing - and it has been increasing rapidly", he said.

"Nothing more will be tolerated". We are not going to take it anymore.

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"We will not allow our sovereignty to be disrespected, our intellectual property to be stolen, or our people to be robbed of their hard-earned prosperity", he said. The Department is also spearheading an initiative along with the Federal Bureau of Investigation to endeavor to prevent assaults like these from occurring later on, regardless of whether that is through acquiring the data from insiders or hacking.

While the Trump administration's posture on trade appears to be softening somewhat, tensions between the world's two largest economies are still on the rise. Fujian Jinhua has countersued and Micron is now banned from exporting to China.

In addition to the criminal charges announced Thursday, the Justice Department filed a civil lawsuit to block imports of any UMC and Fujian Jinhua products using stolen Micron technology.

"Micron has invested billions of dollars over decades to develop its intellectual property", said Joel Poppen, Micron's general counsel.

In December 2017, Micron filed a civil case against UMC and Jinhua in the U.S. District Court for the Northern District of California for the misappropriation of Micron trade secrets.

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During his time at UMC Chen recruited MMT employees, including fellow defendants He Jianting, aka J.T. Ho, and Wang Yungming, aka Kenny Wang who allegedly stole Micron trade secrets related to DRAM manufacturing and design for UMC.

President Donald Trump said Thursday that he'd had "a long and very good conversation" with Chinese President Xi Jinping earlier in the day, and that "discussions are moving along nicely". China did not possess DRAM capabilities before the alleged theft but had identified its development as a national economic priority, the USA said.

The FBI's deputy director, David Bowdich, said that almost every one of the agency's 56 field offices "has investigations into economic espionage that lead back to the country of China".

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"UMC regrets that the U.S. Attorney's Office brought these charges without first notifying UMC and giving it an opportunity to discuss the matter", the company said. "This is part of a much broader whole-of-government approach to countering China's efforts to gain strategic advantage, particularly in emerging technology".

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