Security News > 2021 > March > Chinese businessman plotted with GE insider to steal transistor secrets, say Feds

A Chinese businessman has been accused by the US government of trying to steal silicon secrets from General Electric.

The duo planned to use the stolen trade secrets to set up a competitor in China, it's claimed.

The FBI stresses however that "We have no evidence that there was an illegal MOSFET technology transfer to any Chinese companies, including the company that Ng and his co-conspirator were trying to start."

"Theft of American intellectual property for the benefit of foreign firms deprives American companies of the fruits of their creativity and American workers of their jobs. The Department will do all it can to disrupt this illegal and economically destructive conduct."

The FBI special agent in charge of the investigation said: "Our office, the US Attorney's Office, and GE coordinated closely and worked quickly to prevent that theft and the resulting damage to our economic security. Theft of trade secrets is a constant and dangerous threat to our American companies and the remarkable work they do to invent and manufacture unique technology that can change the world."

In September, a Chinese professor was found guilty in the United States of economic espionage and theft of trade secrets and was sentenced to 18 months behind bars, and fined $476,835.

News URL

https://go.theregister.com/feed/www.theregister.com/2021/03/01/china_mosfet_theft/