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

TSMC 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 t ...