Chinese employees stole corporate secrets from Dutch semiconductor equipment maker ASML, resulting in hundreds of millions of dollars in losses, Dutch financial newspaper Financieele Dagblad (FD) reported on Thursday.
I used to know a senior executive at ASML - he told me they moved all production to Singapore a long time ago because of the theft risk from China. Guess they forgot that hiring Chinese nationals poses the exact same risk as manufacturing in Shenzhen.