Judicial authorities yesterday said that they have charged five men who allegedly stole intellectual property from a Tainan nanotechnology company and set up competing nanotechnology plants in China with breaching the Trade Secrets Act (營業秘密法).
The Second Special Police Corp, under the National Police Agency, announced details of the investigation yesterday, saying it is the first investigation and prosecution under the act since it was implemented in 2013.
Police said that they detained three former Hsin Fang Nano Technology Co (新芳奈米科技) employees, including a former plant manager surnamed Chen (陳) and a production section chief surnamed Yu (尤), along with two other business associates.
Photo: Huang Chien-hua, Taipei Times
“The estimated financial loss to our company is about NT$2.6 billion [US$81.08 million]. We urge the government to crack down on intellectual property theft against Taiwanese businesses,” chairman Chang Jen-hung (張仁鴻) said.
Hsin Fang is a grinding mill machine manufacturer, which are used to produce ultra-fine nanopowders for use in pharmaceuticals, cosmetics, consumer electronics, health food, anti-radiation coating, military weapons and in other industrial applications.
Company officials said their nanopowder grinding mill, which incorporates an innovative “dry cryo-nanonization grinding system,” received a top award at a nanotechnology exhibition in Tokyo in 2012, and honors at other industry fairs in Taiwan and other countries.
The investigation in 2014 followed reports that Chen, Yu and other former employees, backed by business associates, started a new company in Yunlin County — Unicat Nano Advanced Materials & Devices Technology Co (環美凱特).
Unicat Nano later moved to Chongqing, China, setting up nanotechnology businesses that, according to investigators, were based on intellectual property stolen from Hsin Fang by Chen, Yu and other former employees.
The Public Security Police Brigade investigation unit last year launched raids to gather evidence at offices, company plants and residences in Yunlin, Tainan and New Taipei City, where they took in suspects for questioning and confiscated computers, files and powder mill machines.
Although the former Hsin Fang employees denied the accusations, prosecutors said they have gathered sufficient evidence and announced the charges against the suspects.
Chang said Hsin Fang’s 15 years of investment in research and development has been wasted because of the theft.
“The government must do something about it, because intellectual property theft will do grave damage to Taiwan’s technology industries,” he said.
The CIA has a message for Chinese government officials worried about their place in Chinese President Xi Jinping’s (習近平) government: Come work with us. The agency released two Mandarin-language videos on social media on Thursday inviting disgruntled officials to contact the CIA. The recruitment videos posted on YouTube and X racked up more than 5 million views combined in their first day. The outreach comes as CIA Director John Ratcliffe has vowed to boost the agency’s use of intelligence from human sources and its focus on China, which has recently targeted US officials with its own espionage operations. The videos are “aimed at
STEADFAST FRIEND: The bills encourage increased Taiwan-US engagement and address China’s distortion of UN Resolution 2758 to isolate Taiwan internationally The Presidential Office yesterday thanked the US House of Representatives for unanimously passing two Taiwan-related bills highlighting its solid support for Taiwan’s democracy and global participation, and for deepening bilateral relations. One of the bills, the Taiwan Assurance Implementation Act, requires the US Department of State to periodically review its guidelines for engagement with Taiwan, and report to the US Congress on the guidelines and plans to lift self-imposed limitations on US-Taiwan engagement. The other bill is the Taiwan International Solidarity Act, which clarifies that UN Resolution 2758 does not address the issue of the representation of Taiwan or its people in
US Indo-Pacific Commander Admiral Samuel Paparo on Friday expressed concern over the rate at which China is diversifying its military exercises, the Financial Times (FT) reported on Saturday. “The rates of change on the depth and breadth of their exercises is the one non-linear effect that I’ve seen in the last year that wakes me up at night or keeps me up at night,” Paparo was quoted by FT as saying while attending the annual Sedona Forum at the McCain Institute in Arizona. Paparo also expressed concern over the speed with which China was expanding its military. While the US
SHIFT: Taiwan’s better-than-expected first-quarter GDP and signs of weakness in the US have driven global capital back to emerging markets, the central bank head said The central bank yesterday blamed market speculation for the steep rise in the local currency, and urged exporters and financial institutions to stay calm and stop panic sell-offs to avoid hurting their own profitability. The nation’s top monetary policymaker said that it would step in, if necessary, to maintain order and stability in the foreign exchange market. The remarks came as the NT dollar yesterday closed up NT$0.919 to NT$30.145 against the US dollar in Taipei trading, after rising as high as NT$29.59 in intraday trading. The local currency has surged 5.85 percent against the greenback over the past two sessions, central