![]() ![]() In addition, GFâs complaint asserts that IBM is targeting and recruiting GFâs world-class engineering talent at the companyâs manufacturing facility, which is located near the Albany NanoTech Complex. GF is asking for compensatory and punitive damages as well as an injunction against IBM preventing further unlawful disclosure and use of GFâs trade secrets.  It also raises concerns over the extent to which IBM may have unlawfully disclosed GFâs IP and trade secrets beyond these two heavily publicized partnerships. The complaint notes that IBMâs executives have described the Intel and Rapidus partnerships as based on decades of technology derived from research conducted at the Albany NanoTech Complex, technology that they had no right to disclose. ![]() In the legal action filed in federal court in the Southern District of New York, GF asserts that IBM unlawfully disclosed GF IP and trade secrets to IBM partners including Intel and Japanâs Rapidus, a newly formed advanced logic foundry, and by doing so, IBM is unjustly receiving potentially hundreds of millions of dollars in licensing income and other benefits. The technology at issue was collaboratively developed, over decades, by the companies in Albany, New York and the sole and exclusive right to license and disclose that technology was transferred to GF upon the sale.  The complaint asserts the former semiconductor manufacturing company has unlawfully disclosed GFâs confidential IP and trade secrets, after IBM sold its microelectronics business to GF in 2015. "As long as the Chinese government continues to break our laws and threaten American industry and institutions, the FBI will work with its partners across the globe to bring those responsible to justice.  GlobalFoundries (NASDAQ: GFS)?(GF) today sued IBM for trade secret misappropriation. "This case is just the latest example of the Chinese government's continued attacks on American economic security – and, by extension, our national security," said FBI Director Christopher Wray. They agreed to meet in Belgium, where Xu was arrested by authorities and extradited to the U.S. Xu proposed meeting in Europe to receive more proprietary information from the employee. Xu later requested specific technical information from the employee, who was cooperating with the company and the FBI. Prosecutors say Xu lured a GE Aviation employee to China to present a report to a university. ![]() The Justice Department says Xu is a 42-year-old Chinese national and an officer in China's Ministry of State Security.Īccording to evidence presented at his trial, Xu tried to steal composite aircraft engine fan technology from Cincinnati-based GE Aviation. National Security People Are Looking At Your LinkedIn Profile. and abroad," Attorney General Merrick Garland said in a statement. "As proven at trial, the defendant, a Chinese government intelligence officer, used a range of techniques to attempt to steal technology and proprietary information from companies based in both the U.S. officials say the case is an example of China's relentless intelligence operations against American companies to steal top-flight technology. Yanjun Xu was convicted by a federal jury in Cincinnati last November of conspiracy to commit economic espionage, conspiracy to commit trade secret theft, attempted economic espionage and attempted trade secret theft. has been sentenced to 20 years in prison for trying to steal high-tech aviation trade secrets from an American company. The first Chinese intelligence officer to be extradited to the U.S. He attempted to steal trade secrets from an American company. The Justice Department announced a court in Ohio has sentenced a convicted Chinese spy to 20 years in prison. ![]()
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