Police arrested six current and former employees of German chemical maker BASF SE for allegedly leaking the company’s technology to a Chinese rival, the Criminal Investigation Bureau said yesterday.
The technology, used to produce high-purity ammonia for semiconductor applications, is estimated to have a market value of NT$3.52 billion (US$114.2 million), the bureau said, adding that the Chinese company allegedly agreed to pay approximately NT$200 million for the information.
The bureau early last year received a report that senior employees at a Taiwanese subsidiary of BASF are allegedly involved in intellectual property theft, Seventh Investigation Unit captain Lu Sung-hao (呂松浩) told a news conference in Taipei.
Photo: CNA
Bureau investigators found that a Chinese chemicals company was planning a factory in Jiangsu Province’s Zhenjiang City, police said.
To compete with BASF, the Chinese company hired a former BASF employee, surnamed Lin (林), who oversaw a factory in Taoyuan’s Guanyin District (觀音), paying him more than NT$410,000 per month since 2017, police said.
Lin recruited several engineers, who resigned from BASF at different times to join the Chinese firm, and a senior manager surnamed Huang (黃), who remained at BASF to continue providing information, police said.
Huang is said to be the head of BASF’s global electronic materials and engineering department, and oversaw the engineering departments at the subsidiary, police said.
Key evidence of the leak was found in October and November, with overseas bank accounts of the six showing that they had received a combined NT$40 million from the Chinese company, police said.
Police arrested Huang and five engineers who returned to Taiwan on Dec. 31 for alleged breaches of the Trade Secrets Act (營業秘密法), they said.
BASF’s key technology has already been leaked to the Chinese company, police said.
BASF said in a statement that it was aware of the investigation and the employees involved had been suspended from work.
“We have taken immediate steps to support the investigation led by local law enforcement officials and protected our information,” it said.
“BASF is committed to investing in and protecting intellectual property resulting from research and development, as well as production of know-how both by BASF and our customers. To this end we have established systems and policies which minimize risks,” it said.
“In light of this situation, we will further reinforce these information protection systems,” it said.
A subsidiary of a Hong Kong-based company that has lost control of two critical ports on the Panama Canal said it is seeking US$2 billion of compensation in damages from Panama over its “illegal” takeover of the ports. Panama Ports Co, a unit of Hong Kong’s CK Hutchison Holdings (長江和記實業), on Friday said in a statement that it is demanding the sum under international arbitration proceedings that it had already started. The Panamanian government last week seized control of the Balboa and Cristobal ports on each end of the Panama Canal, after the country’s Supreme Court declared earlier that a concession allowing
DETERRENCE: With 1,000 indigenous Hsiung Feng II and III missiles and 400 Harpoon missiles, the nation would boast the highest anti-ship missile density in the world With Taiwan wrapping up mass production of Hsiung Feng II and III missiles by December and an influx of Harpoon missiles from the US, Taiwan would have the highest density of anti-ship missiles in the world, a source said yesterday. Taiwan is to wrap up mass production of the indigenous anti-ship missiles by the end of year, as the Chungshan Institute of Science and Technology has been meeting production targets ahead of schedule, a defense official with knowledge of the matter said. Combined with the 400 Harpoon anti-ship missiles Taiwan expects to receive from the US by 2028, the nation would have
POSSIBILITIES EMERGE: With Taiwan’s victory and Japan’s narrow win over Australia, Taiwan now have a chance to advance if South Korea also beat the Aussies Taiwan has high hopes that the national baseball team would advance to the World Baseball Classic (WBC) quarter-finals after clinching a crucial 5-4 victory over South Korea in a nail-biting extra-inning game at the Tokyo Dome yesterday. Boosted by three home runs — two solo shots by Yu Chang (張育成) and Cheng Tsung-che (鄭宗哲) and a two-run homer by Stuart Fairchild — the triumph gave Taiwan a much-needed second victory in the five-team Pool C, where only the top two finishers would advance to the knockout stage in Miami, Florida. Entering extra innings with the game tied at four apiece, Taiwan scored
MISSION OF PEACE: The foreign minister urged Beijing to respect Taiwan’s existence as an independent nation, and work together to ensure peace and stability in the region Minister of Foreign Affairs Lin Chia-lung (林佳龍) yesterday rejected Chinese Minister of Foreign Affairs Wang Yi’s (王毅) comments about Taiwan, criticizing China as a “troublemaker” in the international community and a disruptor of cross-strait peace. Speaking at a news conference on the sidelines of the Chinese National People’s Congress, Wang said that Taiwan has always been a territory of China and that it would be impossible for it to become its own country. The “return” of Taiwan to China was the natural outcome of the Chinese people’s resistance against Japan in World War II, and that any pursuit of independence was “doomed