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Technology Stocks : Semi Equipment Analysis
SOXX 312.18-0.2%Dec 9 4:00 PM EST
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UMC workers guilty of Micron secret theft
Jun. 12, 2020 7:49 AM ET|About: United Microelectronics Cor... (UMC)|By: Brandy Betz, SA News Editor


Taiwan's Taichung District Court has sentenced three current and former UMC (NYSE: UMC) employees for leaking Micron (NASDAQ: MU) trade secrets to Fujian Jinhua Integrated Circuit, which is backed by the Chinese government.

The UMC employees were sentenced to between four and a half and six and a half years in jail and fined up to NT$6M. UMC was fined NT$100M.

Source: Economic Daily News.

Related: In November 2018, the U.S. Justice Department indicted UMC and Fujian for conspiring to steal trade secrets from Micron.

Micron shares are up 2.8% pre-market to $49.87.

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