A trio of design executives from HTC have been arrested and face charges of deliberately leaking trade secrets – news that once again saw the firm’s share prices soaring in the wrong direction. The Taiwanese technology company has been riding a wave of misfortune as of late, with poor device sales leading to distain among the ranks and a series of executive resignations.
Prosecutors in Tapei stated that senior manager of design and innovation Justin Huang, research and development director Wu Chien-Hung and vice president of product design Thomas Chien have all been arrested for the same offences. Huang has been granted police bail, though his two HTC colleagues were held in custody.
Specifics as the charges face by the three have not been confirmed at the time of writing, though it is known that an official complaint which was filed last month by HTC led to the arrests.
HTC’s executive board refused to answer any further questions on the matter, though assured consumers and shareholders alike that the arrests would not have a detrimental impact on the running of the business.
Local media sources have suggested that the accused has intended to establish their own company using technology they apparently stole from HTC.