Motley Fool Money Selling Secrets Across The Globe
Jun 15, 2023
Bill Mann, a Motley Fool analyst with a keen eye on industrial espionage, reveals the alarming tactics in the semiconductor industry, including a case where secrets were stolen to build a competing chip plant. He explores the challenges of keeping corporate secrets secure. Joining him, Kirsten Guerra discusses Vertex Pharmaceuticals and its groundbreaking treatments for cystic fibrosis, highlighting the company's dominance and the complexities of drug development. They delve into the competitive landscape and the impact of potential generics on Vertex's future.
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Samsung Chip Plant Espionage
- A former Samsung executive allegedly stole blueprints for a chip factory.
- He then attempted to build a replica near the original in China.
Geopolitical Chip Espionage
- Stealing chip blueprints is valuable due to the high cost of chip factories and the competitive advantage they offer.
- This espionage occurs on a geopolitical level, with countries vying for chip supremacy.
Coca-Cola Can Lining Theft
- A Coca-Cola chemist, Shannon Yu, attempted to steal secrets related to Coca-Cola's can lining formula.
- She aimed to establish a new business in China using this technology.