Chinese company accused of stealing U.S. trade secrets
The Justice Department announced Thursday that the United States has charged a company controlled by the Chinese government with allegedly stealing trade secrets from Micron Technology Inc., a semiconductor company based in Idaho.
"China — like any advanced nation — must decide whether it wants to be a trusted partner on the world stage, or whether it wants to be known around the world as a dishonest regime running a corrupt economy founded on fraud, theft, and strong-arm tactics," Attorney General Jeff Sessions said. Charges have been filed against two companies — one in China and one in Taiwan — as well as three Taiwanese defendants. They are not in U.S. custody.
The Justice Department said the trade secrets are worth up to $8.75 billion. The technology is dynamic random-access memory, which the Chinese government has identified as a priority since it depends on foreign countries for supplies, The Associated Press reports.
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Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.
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