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Micron TechnologyDOJ indicted Chinese state-owned company Fujian Jinhua and UMC for stealing Micron trade secrets worth $8.75B

· $8.8B

In November 2018, the US DOJ indicted Chinese state-backed Fujian Jinhua and Taiwan's UMC for conspiring to steal trade secrets from Micron Technology worth up to $8.75 billion. UMC engineers recruited from Micron allegedly took DRAM manufacturing secrets. The US subsequently placed Fujian Jinhua on the Entity List, effectively cutting it off from US technology. Micron was the victim of state-sponsored industrial espionage.