Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
An HTC store in New Taipei City on March 24, 2013/AFP

Technology

Taiwan probes HTC staff over secrets theft

An HTC store in New Taipei City on March 24, 2013/AFP

An HTC store in New Taipei City on March 24, 2013/AFP

TAIPEI, Aug 31 – Taiwanese prosecutors are investigating allegations that three employees at leading smartphone maker HTC stole trade secrets to sell to Chinese firms, reports said Saturday.

Investigators Friday searched HTC’s research and development centre as well as the suspects’ offices and homes after the company accused them of stealing key interface technology, according to the Taipei based China Times newspaper.

HTC said the three men were suspected of discussing plans with unidentified Chinese firms to acquire the technology, the report said. The technology is to be used in HTC’s new Sense 6.0 smartphones, which are set to be unveiled later this year.

The men were identified as HTC’s chief industrial designer, a division chief and a designer. They have not been arrested and reportedly deny the accusations.

The company accused them of stealing trade secrets and breach of trust, with both offences carrying a maximum 10-year jail term.

They were also accused of illegally claiming more than Tw$10 million ($330,000) in design fees from the company with falsified vouchers, the China Times added.

The men were said to have set up their own smartphone design companies in both Taiwan and China, according to the state Central News Agency.

“The matter is under investigation by relevant authorities. We therefore refrain from further comments,” HTC said in a statement. Prosecutors were not immediately reachable.

As well as selling its own smartphones, HTC makes handsets for a number of leading US companies and supplies Google’s Nexus One.

The firm has been struggling against fierce competition from international rivals, and second quarter net profit plunged 83 percent compared to last year.

Advertisement. Scroll to continue reading.

According to research firm IDC, HTC held a 4.6 percent share of the global smartphone market in 2012, a sharp decline from 8.8 percent a year earlier. Samsung held a 30.3 percent stake while Apple had 19.1 percent.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...