Former Samsung execs arrested for allegedly using stolen memory tech to build chip factory in China — suspects leaked $3.2B worth of Samsung secrets
South Korean police have arrested two former Samsung executives suspected of leaking Samsung secrets worth $3.2 billion to China. The authorities reported that one of the arrested suspects, 66-year-old Mr. Choi, set up a joint venture building chips in China alongside some local officials and served as its CEO (via Bloomberg). He was allegedly assisted by a plant designer, Mr. Oh, in this venture, while he also attempted to recruit other South Korean experts to work for him.
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