Selling Secrets Across The Globe

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The Motley Fool

Business, Investing

4.3 • 3.1K Ratings

🗓️ 15 June 2023

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

A former Samsung executive allegedly stole plans in order to build a chip plant down the road from the existing factory. What could possibly go wrong? (00:15) Bill Mann and Deidre Woollard discuss: - The high value of getting a leg up on the competition in the semiconductor industry. - If companies can do anything to keep secrets from leaking out. - Why Alphabet’s adtech is attracting regulators’ attention. (13:53) Ricky Mulvey and Kirsten Guerra take a look at Vertex Pharmaceuticals and its role at the center of cystic fibrosis treatment. Companies discussed: GOOG, GOOGL,KO, VRTX, SSNLFHost: Deidre Woollard Guests: Bill Mann, Ricky Mulvey, Kirsten Guerra Producer: Ricky Mulvey Engineer: Tim Sparks Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	The shadowy world of stealing tech secrets and Google's ad tech business raises European
0:09.7	eyebrows.
0:10.7	Motley Full Money starts now.
0:15.9	Welcome to Motley Full Money.
0:16.9	I'm Deidre Willard here with Motley Full Analyst, Bill Mann.
0:19.8	How are you today, Bill?
0:20.8	Hey, Deidre, how are you?
0:22.6	I'm doing well.
0:24.3	You brought up the story that I want to dive into because it sounds like the plot of a
0:27.8	movie.
0:28.8	Not an executive.
0:29.8	He's formally at Samsung and another Korean manufacturer.
0:33.2	He attempts to steal trade secrets and build a chip factory, not even a mile away from
0:38.6	the existing chip factory in China.
0:40.8	What's the backstory here?
0:41.8	It's a bold statement, isn't it?
0:44.1	Yeah.
0:45.1	Yeah, so obviously when something like this happens, I mean, this is a multi million dollar
0:49.9	facility.
0:50.9	And it's an industrial espionage on a massive scale.
0:55.8	And so this is a fairly high ranking official at Samsung who stole the blueprints.
1:03.6	When I say stole, let's start that again.
	...

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