Technology,
Intellectual Property
Oct. 30, 2020
Taiwan chipmaker pays $60M fine, will help US against Chinese partner
The Justice Department called the prosecution “an example of … successful efforts to defend American companies from those who try to cheat and steal their technology.”
Taiwanese chipmaker UMC agreed to pay $60 million, the second largest fine ever in a criminal trade secrets case, and help the U.S. prosecute Chinese chipmaker Fujian Jinhua, the Department of Justice announced.
A UMC defense team led by Latham & Watkins LLP partner Leslie Caldwell successfully negotiated the penalty down from the $8 billion the government had sought, the firm's public relations manager, Deanna M. Kicklighter, said T...
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