Former TSMC Employee Indicted for Trade Secret Theft

By EC Assets · Published

A former employee of Taiwan Semiconductor Manufacturing Company (TSMC) has been indicted for trade secret theft. This comes as a Taiwan court handed down prison sentences in a separate TSMC trade secrets case involving ex, Tokyo Electron staff. Tokyo Electron's Taiwan unit stated it would not appeal the ruling in that case. One former Tokyo Electron worker received a 10, year sentence. This sentence was part of a larger case involving leaks of TSMC trade secrets. Prison terms of up to 10 years were issued by the Taiwan court in this context. TSMC has also filed a lawsuit against a former executive, alleging he took trade secrets to Intel. TSMC's stock experienced a fall following this lawsuit. The company is, concurrently, accelerating the buildout of its Arizona factory. This acceleration aims to capitalize on the artificial intelligence "megatrend," 's CFO. This article is intended for informational purposes only. It does not constitute investment advice.

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