{"id":39796,"date":"2021-03-01T20:06:04","date_gmt":"2021-03-01T20:06:04","guid":{"rendered":"https:\/\/www.threatshub.org\/blog\/chinese-businessman-plotted-with-ge-insider-to-steal-transistor-secrets-say-feds\/"},"modified":"2021-03-01T20:06:04","modified_gmt":"2021-03-01T20:06:04","slug":"chinese-businessman-plotted-with-ge-insider-to-steal-transistor-secrets-say-feds","status":"publish","type":"post","link":"https:\/\/www.threatshub.org\/blog\/chinese-businessman-plotted-with-ge-insider-to-steal-transistor-secrets-say-feds\/","title":{"rendered":"Chinese businessman plotted with GE insider to steal transistor secrets, say Feds"},"content":{"rendered":"<p>A Chinese businessman has been accused by the US government of trying to steal silicon secrets from General Electric (GE).<\/p>\n<p>Chi Lung Winsman Ng, 64, who lives in Hong Kong, has been <a target=\"_blank\" href=\"https:\/\/www.justice.gov\/opa\/pr\/chinese-businessman-charged-conspiring-steal-trade-secrets\" rel=\"noopener noreferrer\">charged<\/a> with conspiring to pilfer sensitive information on the American giant\u2019s silicon carbide MOSFET transistors; a technology he told potential investors was worth $100m.<\/p>\n<div aria-hidden=\"true\" class=\"adun\" data-pos=\"top\" data-raptor=\"condor\" data-xsm=\",button,mpu,\" data-sm=\",button,mpu,\" data-md=\",button,banner_plus,mpu\"> <noscript> <a href=\"https:\/\/pubads.g.doubleclick.net\/gampad\/jump?co=1&amp;iu=\/6978\/reg_security\/front&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=2&amp;c=2YD3w2@vYnXh3whujmb-20gAAAM0&amp;t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0\" target=\"_blank\" rel=\"noopener noreferrer\"> <img decoding=\"async\" src=\"https:\/\/pubads.g.doubleclick.net\/gampad\/ad?co=1&amp;iu=\/6978\/reg_security\/front&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=2&amp;c=2YD3w2@vYnXh3whujmb-20gAAAM0&amp;t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0\" alt> <\/a> <\/noscript> <\/div>\n<p>The FBI alleges that between March 2017 and January 2018, Ng and \u201cat least one co-conspirator\u201d \u2013 a GE engineer of more than seven years \u2013 plotted to swipe the blueprints for the transistor, which are electronic components typically found in industrial equipment and vehicles that regulate the flow of electricity. The duo planned to use the stolen trade secrets to set up a competitor in China, it&#8217;s claimed.<\/p>\n<p>Investigators have seen PowerPoint presentations prepared for potential investors by Ng in which he sought $30m in funding to take the tech to market, arguing the startup would be profitable within three years. Someone among the investors likely turned the presentations over to the US government. The FBI stresses however that \u201cwe have no evidence that there was an illegal MOSFET technology transfer to any Chinese companies, including the company that Ng and his co-conspirator were trying to start.\u201d<\/p>\n<div aria-hidden=\"true\" class=\"adun\" data-pos=\"mid\" data-raptor=\"eagle\" data-xsm=\",button,mpu_plusplus,\" data-sm=\",button,mpu_plusplus,\" data-md=\",button,mpu_plusplus,\"> <noscript> <a href=\"https:\/\/pubads.g.doubleclick.net\/gampad\/jump?co=1&amp;iu=\/6978\/reg_security\/front&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=3&amp;c=33YD3w2@vYnXh3whujmb-20gAAAM0&amp;t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0\" target=\"_blank\" rel=\"noopener noreferrer\"> <img decoding=\"async\" src=\"https:\/\/pubads.g.doubleclick.net\/gampad\/ad?co=1&amp;iu=\/6978\/reg_security\/front&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=3&amp;c=33YD3w2@vYnXh3whujmb-20gAAAM0&amp;t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0\" alt> <\/a> <\/noscript> <\/div>\n<p>Ng has \u201cyet to be arrested,\u201d the FBI noted. If convicted, he faces up to 10 years in prison and a fine of up to $250,000.<\/p>\n<div class=\"promo_article\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/regmedia.co.uk\/2016\/10\/11\/fine-change.jpg?x=174&amp;y=115&amp;crop=1\" width=\"174\" height=\"115\" alt=\"dram\"><\/p>\n<h2 title=\"Taiwanese chipmaker promises \u2018substantial assistance\u2019 in ongoing China IP theft action\">After first floating $20bn penalty, DoJ suggests $60m fine for UMC&#8217;s theft of Micron\u2019s DRAM secrets<\/h2>\n<p><a href=\"https:\/\/www.theregister.com\/2020\/10\/23\/doj_decides_60m_is_enough\/\"><span>READ MORE<\/span><\/a><\/div>\n<p>\u201cWinsman Ng and his co-conspirators allegedly chose to steal what they lacked the time, talent or money to create,\u201d said Assistant Attorney General John Demers of Dept of Justice&#8217;s National Security Division. \u201cTheft of American intellectual property for the benefit of foreign firms deprives American companies of the fruits of their creativity and American workers of their jobs. The Department will do all it can to disrupt this illegal and economically destructive conduct.\u201d<\/p>\n<p>The FBI special agent in charge of the investigation said: \u201cOur office, the US Attorney&#8217;s Office, and GE coordinated closely and worked quickly to prevent that theft and the resulting damage to our economic security. Theft of trade secrets is a constant and dangerous threat to our American companies and the remarkable work they do to invent and manufacture unique technology that can change the world.\u201d<\/p>\n<p>But the Justice Dept does note that \u201cthe charge in the indictment is merely an accusation. The defendant is presumed innocent unless and until proven guilty.\u201d<\/p>\n<p>The theft of intellectual property from the US to China has been a persistent bugbear of the US government for over a decade, and following significant political pressure, China has at least <a target=\"_blank\" href=\"https:\/\/www.theregister.com\/2020\/01\/16\/us_strikes_china_trade_deal\/\" rel=\"noopener noreferrer\">said<\/a> it will start addressing the issue.<\/p>\n<div aria-hidden=\"true\" class=\"adun\" data-pos=\"top\" data-raptor=\"falcon\" data-xsm=\",button,dbutton,mpu_plus,dmpu,\" data-sm=\",button,dbutton,mpu_plus,dmpu,\" data-md=\",button,dbutton,mpu_plus,dmpu,\"> <noscript> <a href=\"https:\/\/pubads.g.doubleclick.net\/gampad\/jump?co=1&amp;iu=\/6978\/reg_security\/front&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=4&amp;c=44YD3w2@vYnXh3whujmb-20gAAAM0&amp;t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0\" target=\"_blank\" rel=\"noopener noreferrer\"> <img decoding=\"async\" src=\"https:\/\/pubads.g.doubleclick.net\/gampad\/ad?co=1&amp;iu=\/6978\/reg_security\/front&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=4&amp;c=44YD3w2@vYnXh3whujmb-20gAAAM0&amp;t=ct%3Dns%26unitnum%3D426raptor%3Dfalcon%26pos%3Dmid%26test%3D0\" alt> <\/a> <\/noscript> <\/div>\n<p>In September, a Chinese professor was <a target=\"_blank\" href=\"https:\/\/www.theregister.com\/2020\/09\/02\/chinese_prof_sentenced\/\" rel=\"noopener noreferrer\">found guilty<\/a> in the United States of economic espionage and theft of trade secrets and was sentenced to 18 months behind bars, and fined $476,835. He had been in custody for five years following his arrest at Los Angeles airport in 2015. \u00ae<\/p>\n<p> READ MORE <a href=\"https:\/\/go.theregister.com\/feed\/www.theregister.com\/2021\/03\/01\/china_mosfet_theft\/\">HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hong Kong-based suspect wanted to create rival startup using pilfered silicon carbide MOSFET blueprints \u2013 claim A Chinese businessman has been accused by the US government of trying to steal silicon secrets from General Electric (GE).\u2026 READ MORE HERE&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","footnotes":""},"categories":[63],"tags":[],"class_list":["post-39796","post","type-post","status-publish","format-standard","hentry","category-the-register"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - 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