Two scientists from China working in the US have been indicted in Kansas on charges alleging they stole seeds developed by a US bioscience company and gave them to an agricultural delegation visiting from China.
A federal grand jury on Wednesday indicted Weiqiang Zhang (張偉強) and Wengui Yan (嚴文貴) on one count each of conspiracy to steal trade secrets and one count of theft of trade secrets.
Zhang, an agricultural seed breeder at Ventria Bioscience’s facility in Junction City, and Yan, a US Department of Agriculture (USDA) research geneticist at the Dale Bumpers National Rice Research Center in Stuttgart, Arkansas, were initially charged last week with conspiracy to steal trade secrets.
Zhang was being held at a detention center in Leavenworth. Yan has been detained in Arkansas.
The two are accused of stealing Ventria rice seeds containing proteins used for therapeutic purposes.
The seeds were protected by Ventria as “confidential and propriety information,” the indictment said.
According to the complaint filed last week, the company told federal authorities it was the only US producer of those particular seeds and that if they were stolen and the technology compromised “its entire research and development investment would be compromised.”
The Fort Collins, Colorado-based company said its investment in developing the seeds ranged from US$3 million to US$18 million.
Zhang, a citizen of China who is a lawful permanent resident of the US, began collecting the seeds in October last year from Ventria’s facility in Junction City, Kansas, where he managed the plant breeding and nursery operations, according to the indictment.
Yan, who had worked for the USDA since 1996 and is a naturalized US citizen, then visited a crops research institute in China with Zhang last year “to gauge how their agricultural knowledge and expertise would assist and further the efforts of the crops research institute,” the indictment said.
The pair arranged for a delegation from a crops research institute in China to visit the US this summer so they could “specifically pass along Ventria’s Trade Secret Information and Ventria’s unique rice seeds with recombinant proteins,” the indictment says.
US Customs and Border Protection confiscated the seeds from the delegation before they flew back to China in August. The indictment does not name the institute that the delegation represented.
Zhang and Yan each face up to 10 years in prison and fines up to US$250,000 on each count.
Their case coincided last week with charges in Iowa against six other men from China, including the chief executive officer of a seed corn subsidiary of a Chinese conglomerate. They are charged with conspiring to steal patented seed corn from leading US seed developers.
However, Jim Cross, spokesman for the US Attorneys in Kansas, said as far as he knows the two cases are not related.
Peter Toren, a former federal prosecutor who handled trade secrets cases, said earlier this week that the number of cases of economic espionage connected to China has increased significantly in recent years, due in part to a lack of respect for intellectual property rights in that country.
“The value in bringing these cases in the criminal forum is hopefully it will have some deterrent effect,” Toren said.
BIG BUCKS: Chairman Wei is expected to receive NT$34.12 million on a proposed NT$5 cash dividend plan, while the National Development Fund would get NT$8.27 billion Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday announced that its board of directors approved US$15.25 billion in capital appropriations for long-term expansion to meet growing demand. The funds are to be used for installing advanced technology and packaging capacity, expanding mature and specialty technology, and constructing fabs with facility systems, TSMC said in a statement. The board also approved a proposal to distribute a NT$5 cash dividend per share, based on first-quarter earnings per share of NT$13.94, it said. That surpasses the NT$4.50 dividend for the fourth quarter of last year. TSMC has said that while it is eager
‘IMMENSE SWAY’: The top 50 companies, based on market cap, shape everything from technology to consumer trends, advisory firm Visual Capitalist said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) was ranked the 10th-most valuable company globally this year, market information advisory firm Visual Capitalist said. TSMC sat on a market cap of about US$915 billion as of Monday last week, making it the 10th-most valuable company in the world and No. 1 in Asia, the publisher said in its “50 Most Valuable Companies in the World” list. Visual Capitalist described TSMC as the world’s largest dedicated semiconductor foundry operator that rolls out chips for major tech names such as US consumer electronics brand Apple Inc, and artificial intelligence (AI) chip designers Nvidia Corp and Advanced
Saudi Arabian Oil Co (Aramco), the Saudi state-owned oil giant, yesterday posted first-quarter profits of US$26 billion, down 4.6 percent from the prior year as falling global oil prices undermine the kingdom’s multitrillion-dollar development plans. Aramco had revenues of US$108.1 billion over the quarter, the company reported in a filing on Riyadh’s Tadawul stock exchange. The company saw US$107.2 billion in revenues and profits of US$27.2 billion for the same period last year. Saudi Arabia has promised to invest US$600 billion in the US over the course of US President Donald Trump’s second term. Trump, who is set to touch
SKEPTICAL: An economist said it is possible US and Chinese officials would walk away from the meeting saying talks were productive, without reducing tariffs at all US President Donald Trump hailed a “total reset” in US-China trade relations, ahead of a second day of talks yesterday between top officials from Washington and Beijing aimed at de-escalating trade tensions sparked by his aggressive tariff rollout. In a Truth Social post early yesterday, Trump praised the “very good” discussions and deemed them “a total reset negotiated in a friendly, but constructive, manner.” The second day of closed-door meetings between US Secretary of the Treasury Scott Bessent, US Trade Representative Jamieson Greer and Chinese Vice Premier He Lifeng (何立峰) were due to restart yesterday morning, said a person familiar