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In 2021, Samsung generated revenue of approximately $244 billion, the majority of which came from its mobile communications and semiconductor segments.
In the broad global mobile phone market, Apple and Samsung are the leading companies.
Samsung has more than 287,000 employees in 74 countries around the world.
It was revealed that a former senior executive of the company samsung Electronics Co. was arrested and charged with stealing the firm’s trade secrets to build an imitation chip plant in Chinaas recently reported by prosecutors on Monday.
It should be noted that the prosecution also accused six other people, which includes an employee of a subcontractor of samsung Electronics and five workers at a Chinese chipmaker established by said former executive, without detention on charges of collusion in the alleged leak of technology.
samsung on the market
samsung stands out for being a multinational company that has been in the market for more than 80 years, and is recognized for the innovation and quality of its products. The company has stood out in the industry mainly for the manufacture of smartphonestelevisions, audio devices, household appliances and other consumer electronics.
The firm was founded in 1938 as an export trading company in South Korea. Since then, it has evolved into one of the largest and most recognized companies in the world. According to Statista in 2021, samsung Electronics generated revenue of approximately $244 billion, the majority of which came from its mobile communications and semiconductor segments.
Former Samsung executive arrested for stealing trade secrets for China
According to the international news outlet “Yonhap”, A 65-year-old former Samsung company executive, whose name is being withheld, was charged with violating laws on industrial technology protection and preventing unfair competition, according to data from the Suwon District Prosecutor’s Office.
He is accused of trying to build a complete copy of the brand’s semiconductor factory samsung in China after illegally acquiring the company’s sensitive data, including chip plant basic engineering data (BED) and process layout and design drawings, from dates spanning August 2018 to 2019. It should be noted that the prosecution also accused six other people, including an employee of a subcontractor of samsung Electronics and five employees of a Chinese chipmaker established by the former executive, without detention on charges of collusion in the alleged leak of technology.
According to prosecutors, the former executive had tried to use the stolen technologies and data to build a copy of Samsung Electronics’ chip plant just 1.5 kilometers from the company’s chip plant in Xian, western China. But his plan fell through as a Taiwanese company broke its promise to invest 8 trillion won (or $6.2 billion) in the project.
The defendant received an investment of 460 billion won from Chinese investors and produced test products at a chip manufacturing plant built on the basis of Samsung technology in Chengdu last year. His China chip plant reportedly hired around 200 people from Samsung and SK hynix Inc. He allegedly instructed his employees to obtain and use Samsung’s semiconductor design data, as well as other trade secrets. Given this situation, it is estimated that Samsung suffered damages of at least 300 billion won due to technology leaks.
Cases like this happen regularly, proof of this is a hacker Canadian who paid dearly to profit from the brand Nintendobecause in addition to being imprisoned, he must pay a million-dollar fine for practically life for distributing modified chips for consoles, as well as other hacking tools for the Nintendo switches and other company consoles, due to this he was sentenced at the end of 2022 by the United States court to 40 months in prison.
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