Finance

United Microelectronics Fines US $ 60M for Commerce Secret Theft: US Division of Justice

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WASHINGTON (Reuters) – United Microelectronics Corp pleaded guilty of trade secret theft and pays a $ 60 million fine in exchange for working with the U.S. government in prosecuting China's Fujian Jinhua Integrated Circuit Co., Ltd., the Ministry of Justice announced on Wednesday.

More than two years ago, the company, along with Fujian and three other people, was charged with conspiracy to steal, transmit and possess stolen trade secrets from US semiconductor company Micron Technology Inc (NASDAQ :), according to the Justice Department.

The United States claims Fujian, a state-owned company, used these secrets to adapt designs for memory chips.

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Steven Gregory