Chinese chip company boss charged with espionage, stealing trade secrets Business

The company’s status has made it a key weapon in US efforts to combat the rise of Chinese tech companies. ASML has been prevented from selling its machines directly to Chinese companies because the machines rely on US-made software.

Without the company’s machines, China is forced to rely on older technology and struggles to catch up.

ASML disclosed its dispute with Dongfang in its annual report, which linked the company to Xtal, a former Silicon Valley company also founded by Mr Yu in 2014.

Legal documents uncovered by Bloomberg showed ASML successfully sued the US organization in 2018, causing it to go bankrupt when it could not pay an $845m (£673m) bill.

However, by then Mr. Yu had moved to Beijing. “It’s a conspiracy to get technology for the Chinese government,” ASML told the California court. The court heard that Dongfang and Xtel hired several engineers from ASML, one of whom stole about 2 million lines of code from the company.

The legal dispute involved technology known as optical proximity correction, software that enables more accurate circuit printing.

US officials have accused China of illegally obtaining microchip technology from Western companies. The country’s foreign ministry told Bloomberg, “China has not achieved its technological achievements by stealing or stealing from others.”

The claims come as the Chinese-backed takeover of Newport Wafer Fab, Britain’s largest microchip facility, comes under scrutiny in the UK. Nexperia, owned by China’s Wingtech, could be forced to sell the company if it is deemed a national security issue.

More about this article: Read More
This notice was published: 2022-06-06 12:50:15

Leave a Reply

Your email address will not be published. Required fields are marked *