Market Chatter: Taiwan Authorities Raid Home of Ex-TSMC Executive

MT Newswires Live
Nov 28

Investigators in Taiwan raided the home of former TSMC (TPE:2330) Senior Vice President Wei-Jen Lo for alleged trade secret breaches, Reuters reported Thursday, citing prosecutors.

The raid, conducted in two of Lo's homes, produced computers, USB drives, and other pieces of evidence, according to the report.

Another court also approved a motion to confiscate his shares and real estate, the report said.

The world's largest contract chip manufacturer filed a case against Lo at the Intellectual Property and Commercial Court for violations of the National Security Act, according to Reuters.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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