Former Samsung Electronics executive accused of stealing secrets for Chinese chip factory

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Open this photo in gallery: A Samsung Electronics office in Seoul, South Korea, on Jan. 31.Ahn Young-joon/The Associated Press A former executive at South Korea’s Samsung Electronics was indicted on Monday on suspicion of stealing company technology for a copycat chip factory in China and jeopardizing national economic security, prosecutors said. South Korea is a chipmaking powerhouse, increasingly pressed by the geopolitical and economic rivalry between the United States and China. Last week, President Yoon Suk Yeol described chip industry competition as “all-out war”. The defendant, who also formerly worked at SK Hynix as a vice president, is accused of...