Ex-CEO Laid Off Workers Before Alleged IP Theft, Jury Told

By Dorothy Atkins (July 28, 2021, 10:17 PM EDT) -- Applied Materials Inc.'s former CEO took the stand Wednesday in a California federal jury trial over criminal charges that four ex-employees stole trade secrets to launch a startup, testifying that he shut down their division and rejected their pitch to license Applied's IP for $8 million before they allegedly stole it.

Michael Splinter's testimony came during the second day of a trial that kicked off Tuesday with prosecutors accusing four workers — Liang Chen, Donald Olgado, Wei-Yung Hsu and Robert Ewald — of conspiring in the summer of 2012 to steal proprietary LCD chip technology that Applied had spent six years...

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