Intel (INTC) CEO Lip-Bu Tan has dismissed reports about a new hire taking trade secrets from TSMC (TSM) to his company, saying the US chipmaker respects other firms’ intellectual property, Bloomberg’s Tom Giles, Debby Wu, and Ian King report. Taiwanese newspapers reported on the transition of Lo Wen-jen from his retirement from TSMC to joining Intel, alleging he took proprietary information from his former employer just before his departure. “It’s rumor and speculation. There’s nothing to it. We respect IP,” Tan told Bloomberg News on the sidelines of the Semiconductor Industry Association Awards in San Jose on Thursday.
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