Home
News
Products
Corporate
Contact
 
Saturday, July 20, 2019

News
Industry News
Publications
CST News
Help/Support
Software
Tester FAQs
Industry News

Six BSAF engineers arrested for selling company technology to the Chinese


Wednesday, January 9, 2019

Six engineers allegedly sold BASF intellectual property to Chinese company Jiangyin Jianghua Microelectronics Materials Co., according to the Taiwanese police agency that arrested them, on Jan. 7.

According to a report from Bloomberg, the one current and five former BASF engineers took a bribe of more than 40 million yuan ($5.8 million). Jianghua used their information to help build a new factory, according to Criminal Investigation Bureau official Lu Sung-hao. Lu added that the transfer involved the exchange of proprietary technology for the money.

BASF could lose $114 million per year due to the loss, Lu said. BASF has not confirmed that number.

The engineer involved who was still employed at BASF at the time has since been suspended, the German company said. Police in Taiwan discovered the scheme through an anonymous tip.

According to Bloomberg, Jianghua is a company that sells materials for various electronic products, including solar panels and displays. It went public in 2017.

The case is just one of many high-profile accusations from other countries that China unlawfully acquires and copies industrial designs and patents, including from within the United States. In 2014, T-Mobile filed a lawsuit that alleged an engineer from Chinese company Huawei stole part of a robot.

By: DocMemory
Copyright © 2019 CST, Inc. All Rights Reserved

CST Inc. Memory Tester DDR Tester
Copyright © 1994 - 2019 CST, Inc. All Rights Reserved