US charges Hong Kong-based businessman Winsman Ng with stealing trade secrets from GE

//US charges Hong Kong-based businessman Winsman Ng with stealing trade secrets from GE

US charges Hong Kong-based businessman Winsman Ng with stealing trade secrets from GE

A Chinese businessman based in Hong Kong has been indicted for allegedly stealing millions of dollars’ worth of trade secrets from General Electric, the US Justice Department announced on Friday.Chi Lung Winsman Ng, along with an unnamed co-conspirator, stole proprietary semiconductor technology in order to set up a competing company on the mainland, according to the indictment.Ng, 64, who lives in Hong Kong and has not been arrested, faces up to 10 years in jail and a fine of US$250,000, the…

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By | 2021-02-26T23:23:27+00:00 February 26th, 2021|Headlines|Comments Off on US charges Hong Kong-based businessman Winsman Ng with stealing trade secrets from GE