South Korean prosecutors have indicted a former Samsung executive for allegedly working with competitors who tried to build a copycat semiconductor factory in China.

In a Monday statement, the Suwon district prosecutor’s office said it had charged a 65-year old former employee of what it called “Company A” over data theft.

While officials did not explicitly name the company, they described it as “the world’s number one market share holder in the memory and semiconductors field.”
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For years, the private sector has envisioned an illustrious future in space — an extraterrestrial playground with tourists flying to and from orbiting hotels and the occasional trip to Mars being as easy as a transatlantic flight.

But if the space economy is to become a $1 trillion sector by 2040, as one Citigroup report suggested, not all of its enterprises will be so grandiose.

One California-based startup, Varda Space Industries, is betting that big business will lie in relatively unassuming satellites that will spend days or months in Earth’s orbit quietly carrying out pharmaceutical development. Its research, company officials hope, could lead to better, more effective drugs — and hefty profits.
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