Taipei Times
Date: Jul 25, 2019
By: Jason Pan  /  Staff reporter

Taoyuan prosecutors yesterday charged five former managers and engineers of the Taiwanese subsidiary of German chemical giant BASF for technology theft and passing the information on to a Chinese competitor.

Former senior manager Huang Yi-lin (黃奕霖), 45, and four others were indicted on charges of breach of trust, along with contravening the Trade Secrets Act (營業秘密法), the Copyright Act (著作權法) and the Criminal Code.

Huang had allegedly recruited other managers and engineers to steal proprietary technology for Jiangyin Jianghua Microelectronics Materials Co in China’s Jiangsu Province, resulting in estimated annual losses of NT$3.5 billion (US$112.6 million at the current exchange rate) for BASF, Taoyuan deputy head prosecutor Yang Ting-hung (楊挺宏) said.

BASF Group, headquartered in Germany, set up its Taiwanese subsidiary in 1990, while Jiangyin Jianghua was founded in 2001.    [FULL  STORY]