Taiwan’s TSMC says suing former executive over trade secrets, Intel move

Taipei: Taiwanese chipmaking titan TSMC said on Tuesday it has filed a lawsuit against former executive Lo Wei-jen, alleging the “high probability” he has leaked trade secrets to his new employer Intel.

Lo retired in July as senior vice president of Taiwan Semiconductor Manufacturing Company, the world’s biggest chipmaker, and joined rival Intel as “executive vice president”, TSMC said in a statement.

TSMC said the case lodged in the Intellectual Property and Commercial Court was based on the terms of Lo’s employment contract, non-compete agreement and regulations such as the Trade Secrets Act.