Update: TSMC, SMIC Settle Trade Secret Lawsuit
Sohu IT, 11/10/09
Taiwan Semiconductor Manufacturing Corporation (TSMC) has said that it has reached a settlement with Chinese semiconductor manufacturer Semiconductor Manufacturing International Corporation (SMIC) (NYSE: SMI, 0981.HK) over a trade secrets suit brought by TSMC. SMIC has agreed to pay USD 200 mln, as well as a large amount of unspecified stocks and warrants, to TSMC as compensation. TSMC did not elaborate on any of the other terms of the settlement.
Editor's Note: For more background information on this topic, please see "TSMC Wins USD 1 Bln Trade Secret Lawsuit Against SMIC" MD 11/06/09 issue.
Keywords: hardware semiconductor SMI SMIC TSMC 0981.HK law litigation
Sending
