In Taiwan, three employees of an iPhone lens maker were accused of stealing technology

Taiwan’s prosecutors suspect three employees of Largan Precision, a company that makes optical lenses and other camera equipment for iPhones and other Apple products, of stealing technology. This was reported by the Central News Agency of the island.

According to him, one top manager and two other employees are suspected of copying the company’s software. According to investigators, they later planned to sell the program.

All three suspects were interrogated and later released on bail ranging from NT$200,000 to NT$1 million ($6,200 to $31,700). They are currently at large but are prohibited from leaving Taiwan.

Largan Precision confirmed this information and announced that it would cooperate with the investigation. At the same time, the company indicated that the incident did not affect its work.

Largan Precision was founded in 1987. It produces optical equipment for scanners, projectors, photo and video cameras, smartphones and other types of equipment and is one of the largest contractors for Apple. Capitalization of Largan Precision is about 282.3 billion new Taiwan dollars (about $8.96 billion).