A former microchip executive is accused of stealing trade secrets and technology from a Dutch chip manufacturer and transferring it to China where he now lives.
A Dutch company that manufactures cutting-edge semiconductor circuits has accused one of its former employees of stealing its technology on behalf of aZongchang Yu worked at ASML until 2012 and went on to found Dongfang Jingyuan in China two years later. Now, he’s wanted in California on charges ofASML employees pose in front of the partially completed frame of the company?s newest product in Veldhoven, Netherlands, in January 2022, in this handout picture released by ASML.
The company is prohibited from selling its advanced machines to China, leaving the country to rely on older technology and struggle to stay competitive in the global economy.
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