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Stock impact report

Intel Denies Allegations Ex-TSMC Executive Shared Trade Secrets [Barron's]

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) 
Last taiwan semiconductor manufacturing company ltd. earnings: 4/17 04:00 pm Check Earnings Report
Company Research Source: Barrons
TSMC, the world's biggest semiconductor chipmaker, is suing Lo alleging the "high probability" that he shared confidential information with his new employer. Advertisement - Scroll to Continue Lo retired in July as senior vice president of Taiwan Semiconductor Manufacturing Company and joined rival Intel as "executive vice president", TSMC said Tuesday. The Taiwanese firm said the case against Lo had been lodged in the Intellectual Property and Commercial Court and was based on the terms of his employment contract, non-compete agreement and regulations such as the Trade Secrets Act. Lo had signed non-disclosure and non-compete agreements with TSMC, it said, and had told the firm's lawyer in his exit interview that he planned to join an "academic institution". But the US firm said in Thursday's statement: "Intel maintains rigorous policies and controls that strictly prohibit the use or transfer of any third-party confidential information or intellectual property. Advertise Show less Read more
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