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Stock impact report

Taiwan raids former TSMC exec's home in trade secrets probe [BNN Bloomberg (Canada)]

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) 
Last taiwan semiconductor manufacturing company ltd. earnings: 4/17 04:00 pm Check Earnings Report
Company Research Source: BNN Bloomberg
TSMC, the world's largest contract chipmaker and major supplier to companies including Nvidia, said on Tuesday it had filed a lawsuit in Taiwan's Intellectual Property and Commercial Court against Wei-Jen Lo, its former senior vice president. In a statement, the Taiwan prosecutors' intellectual property branch said Lo is suspected of violating Taiwan's National Security Act. On Wednesday afternoon investigators, acting on a search warrant, searched two of Lo's homes, seizing computers, USB drives and other evidence, prosecutors said. A court also approved a petition to seize his shares and real estate, the statement added. Lo and Intel did not immediately respond to a request for comment. Earlier on Thursday, Intel denied TSMC's allegations. “Based on everything we know, we have no reason to believe there is any merit to the allegations involving Mr Lo,” Intel said in an emailed statement. Intel said the company maintains rigorous policies and controls that strictly pro Show less Read more
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