TSMC vs. Intel: Shocking Betrayal 🤯 💥

Tech & Science

NewsCloseNewsPosts from this topic will be added to your daily email digest and your homepage feed.FollowFollowSee AllGadgetsCloseGadgetsPosts from this topic will be added to your daily email digest and your homepage feed.FollowFollowSee AllTechIntel has announced the hiring of Wei-Jen Lo, a Taiwanese engineer, who joined the company this fall to assist with improving its mass production processes. Lo previously worked at Intel during the company's peak years in the 1980s, before transitioning to TSMC in 2004, where he played a key role in overseeing TSMC’s most successful period. This week, TSMC announced it is suing Lo, alleging he violated his employment contract and noncompete agreement, as well as Taiwan’s Trade Secrets Act. The company states there is a high probability Lo is using, leaking, disclosing, or transferring TSMC’s trade secrets and confidential information. Dominic Preston is a news editor with over a decade’s experience in journalism.

“Following the disclosure of information to Intel, legal action became necessary,” TSMC stated. Taiwanese authorities are now also involved. Reuters reports that prosecutors have opened an investigation into Lo, and investigators have conducted raids at two of his residences, seizing computers, USB drives, and other evidence. Furthermore, Lo’s real estate holdings and shares may be subject to seizure. An anonymous Intel spokesperson told Reuters, “Based on everything we know, we have no reason to believe there is any merit to the allegations involving Mr. Lo.” The spokesperson also emphasized that “We take these commitments seriously.”