TSMC (TSM) has filed a lawsuit in Taiwan’s Intellectual Property and Commercial Court against its former SVP Wei-Jen Lo, who recently joined Intel (INTC), Reuters’ Ben Blanchard and Wen-Yee Lee report. TSMC said in an emailed statement that the lawsuit is based on the terms of the employment contract between TSMC and Lo, the non-compete agreement signed by Lo, and regulations such as the Trade Secrets Act. “There is a high probability that Lo uses, leaks, discloses or transfers TSMC’s trade secrets and confidential information to Intel, thus making legal actions necessary,” TSMC said.
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