TSMC sues ex-executive at Intel over secret breach concerns
Wei-Jen Lo, former senior Vice President at TSMC, recently joined Intel in October
Taiwan Semiconductor Manufacturing Co (TSMC) has filed a lawsuit in the Intellectual Property and Commercial Court against its former executive Wei-Jen Lo over security concerns.
Wei-Jen has recently joined Intel Corp in October.
TSMC in an emailed statement to Reuters said that Trade Secret Act and employment contract terms signed by TSMC and Wei-Jen define the nature of the lawsuit.
As per chip-making company’s findings, it is highly possible that Wei-Jen has breached trade secrets to intel before leaving this manufacturing company.
Earlier this week, Taiwanese newspapers also reported that the ex-executive before his departure also stole proprietary know-how from his former employer.
At TSMC, Wei-Jen was responsible for drafting corporate strategy, including research and technology development at TSMC. Moreover, he was also involved in managing the mass production of cutting-edge chips that used to make AI accelerators.
No comments have been issued from Intel and Taiwanese prosecutors.
Last week, Intel’s Chief Executive Officer Lip-Bu Tan also rejected the rumours regarding wrongdoing while assuring that the company not only follows intellectual property rights but also respects core values.
-
Gold’s price drop explained: Drivers, risks and 2026 outlook
-
NSF fee changes in place across Canada as government limits charges on personal accounts
-
Adobe stocks drop after strong revenue but weak guidance for next quarter
-
Canada interest rates: what to expect amid rising oil prices and global uncertainty
-
Senate prioritizes Housing as Crypto bill hits new impasse, stalling Trump’s ‘Clarity Act’ agenda
-
South Korea markets sink as Kospi records worst day in decades amid Iran conflict
-
Silver, gold prices surge amid geopolitical uncertainty after US-Israel attack on Iran
-
Netflix, Paramount shares surge following resolution of Warner Bros bidding war
-
Paramount wins Warner Bros. bidding war as Netflix abandons deal: Here’s why
-
Singapore's Grab plans AI-driven expansion and new services to boost profit by 2028
-
Bitcoin bounces from $62,000 as on-chain metrics signal prolonged weakness: Here is everything to know
-
BTC price today: Bitcoin sinks below $65K on trade uncertainty
