Micron Technology, Inc (NASDAQ:MU) found itself at the center of what appeared to be state-sponsored corporate theft when senior engineers and managers at its Taiwan factory left for a rival company, taking hundreds of internal files to a team associated with a Chinese government-owned company.
This incident led to a high-profile case by the Justice Department against Chinese state-owned Fujian Jinhua Integrated Circuit, aiming to address Chinese corporate espionage.
However, a federal judge in San Francisco acquitted Fujian Jinhua of economic espionage and conspiracy charges, marking a significant setback for the U.S. efforts to combat intellectual property theft by Chinese entities, the Wall Street Journal reports.
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