Chipmaker UMC pleads guilty to trade secret theft, China’s bid to steal propriety chip designs unravelled

In a significant development United Microelectronics Corp (UMC) stated, it has pleaded guilty to trade secret theft in the United States, and will be paying a fine of $60 million and will cooperate with the prosecution of China’s Fujian Jinhua Integrated Circuit Co Ltd. Two years ago, the U.S. Department of Justice (DOJ) had indicted…

Chinese chipmaker Fujian Jinhua Integrated Circuit Co Ltd pleads not guilty in U.S. intellectual property theft case

Fujian Jinhua Integrated Circuit is a self-proclaimed national leader in China’s tech industry. On Thursday, Fujian Jinhua Integrated Circuit Co Ltd, a Chinese chipmaker pleaded not guilty to U.S. allegations that it stole trade secrets. In October 2018, U.S. authorities added, Fujian Jinhua to the list of entities that cannot purchase components, technology or software…

U.S. Commerce Department places Fujian Jinhua Integrated Circuit Co Ltd on U.S. exports restriction list

The development comes midst allegations that Fujian Jinhua Integrated Circuit Co Ltd stole intellectual property from U.S. chip company Micron Technology Inc. In a strategic development, U.S. President Donald Trump’s administration has placed Chinese state-backed chipmaker Fujian Jinhua Integrated Circuit Co Ltd on a list of entities that cannot purchase components, software and technology goods…

Cyber security startup Darktrace raises $50 million in latest funding round

The Series E funding round was led by European private equity firm Vitruvian Partners LLP. So far the company has raised $229 million. Darktrace, a cyber-security firm stated, it has raised $50 million in its latest funding round that was led by Vitruvian Partners LLP, an European private equity firm, and saw the startup being…