TSMC stock falls as it sues former exec alleging he took trade secrets to Intel

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on Tuesday filed a lawsuit against a former senior vice president it accused of leaking “confidential information” to Intel

Wei-Jen Lo joined Intel after 21 years at TSMC, having left in July, the Taiwanese chip maker said in a statement, announcing the lawsuit.

The lawsuit is based on Lo’s employment contract and non-compete agreement with TSMC, and regulations such as the Trade Secrets Act, the statement said.

“There is a high probability that Lo uses, leaks, discloses, delivers, or transfers TSMC’s trade