A Chinese businessman was indicted for conspiring to steal trade secrets from General Electric worth millions of dollars.
The individual, 64-year-old Chi Lung Winsman Ng who resides in Hong Kong, conspired to steal secrets relating to the company’s silicon carbide MOSFET technology.
“As alleged in the indictment, Winsman Ng conspired to steal trade secrets from General Electric to start a competitor,” said Attorney for the United States, Elizabeth C. Coombe.
“Mr. Ng conspired to steal valuable and sensitive technology from GE and produce it in China,” Federal Bureau of Investigation Special Agent in Charge Thomas F. Relford added.