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TSMC Sues Ex-Executive Over Move to Join Intel
Yahoo Finance· 2025-11-28 00:35
Core Viewpoint - Taiwan Semiconductor Manufacturing Co. (TSMC) has filed a lawsuit against former executive Lo Wei-jen, alleging a high likelihood of trade secret leakage to Intel Corp. following his departure [1][4]. Group 1: Legal Action - TSMC filed the lawsuit at the Intellectual Property and Commercial Court in Taiwan, citing a non-compete agreement signed by Lo during his employment [2]. - The lawsuit claims that there is a significant probability that Lo will disclose TSMC's trade secrets to Intel, necessitating legal actions for breach of contract [4]. Group 2: Industry Context - The lawsuit highlights the increasing sensitivities surrounding advanced chip technology, which is crucial for TSMC's global position and Taiwan's geopolitical landscape [3]. - Employee turnover between companies is common in the industry, but the departure of a senior executive like Lo is rare [3]. Group 3: Background of Lo Wei-jen - Lo, who was previously responsible for research and technology development at TSMC, played a significant role in the mass production of advanced chips, including those for AI accelerators [5]. - After over two decades at TSMC, Lo left the company in July, allegedly failing to disclose his intention to join Intel during his exit interview [6]. Group 4: Intel's Response - Intel has rejected TSMC's allegations, asserting that there is no merit to the claims against Lo and emphasizing its strict policies against the use of third-party confidential information [5]. - The company expressed that talent movement is a healthy aspect of the industry and welcomed Lo back [7].
The trade secrets legal battle between Carlyle-backed Yipit and Jefferies-owned M Science is over
Yahoo Finance· 2025-11-26 01:05
Two of the biggest alternative data providers, Yipit and M Science, have settled their legal disputes. Yipit's first lawsuit was filed in October of 2024 after two former employees joined its rival. The details of the settlement have not been made public. The nasty courtroom battle between two of the biggest alternative data players has ended in a settlement. Carlyle-backed Yipit and Jefferies-owned M Science agreed to drop their lawsuits against each other as part of the settlement, according to a ...
Joby Aviation Sues Air-Taxi Rival Archer in California Over Trade Secrets
Insurance Journal· 2025-11-24 06:00
Core Viewpoint - Joby Aviation has filed a lawsuit against Archer Aviation for allegedly stealing trade secrets related to business strategies, partnership terms, and aircraft specifications [1][4]. Group 1: Lawsuit Details - Joby claims that Archer hired George Kivork, a former employee, who took confidential information to Archer [1][4]. - The lawsuit alleges that Kivork misused Joby's trade secrets in an attempt to undercut Joby's contract with a real estate developer [4]. - Joby discovered through a forensic investigation that Kivork sent numerous files to a personal email and altered security permissions for access after leaving the company [5]. Group 2: Archer's Response - Archer's legal officer stated that the company did not use Joby's trade secrets and that Kivork did not bring any confidential information to Archer [2]. - Archer claims that Joby's lawsuit is an attempt to achieve through litigation what they cannot accomplish through fair competition [2]. Group 3: Industry Context - Joby and Archer are part of the electric vertical takeoff and landing aircraft sector, which is focused on developing faster and more sustainable urban transportation solutions [3]. - Joby is backed by Toyota and plans to integrate helicopter and seaplane services into Uber's ridesharing app as early as next year [3].
Elon Musk's Tesla sues former Optimus robot engineer for allegedly stealing trade secrets
New York Post· 2025-06-12 15:28
Core Viewpoint - Tesla is suing former engineer Zhongjie "Jay" Li for allegedly stealing trade secrets related to its Optimus humanoid robot, which Li used to co-found a competing startup, Proception Inc. [1][3] Group 1: Allegations and Legal Actions - The lawsuit claims that Li downloaded sensitive Optimus files onto two smartphones while working on advanced robotic hand sensors at Tesla [2] - Tesla is seeking unspecified compensatory and exemplary damages against Li and an order to prevent him and his associates from using the company's trade secrets [3] - The company has requested a jury trial in the case [3] Group 2: Proception Inc. and Its Development - Proception, founded by Li shortly after leaving Tesla, claims to have developed humanoid robot hands resembling Optimus within five months [3] - Tesla's lawsuit accuses Proception of taking shortcuts through theft rather than legitimate innovation [3] Group 3: Importance of Optimus Project - The lawsuit highlights that Tesla's research and development costs for the Optimus project are in the billions of dollars, indicating the project's complexity and resource demands [6] - Elon Musk has emphasized the significance of the Optimus robot for Tesla's long-term growth and health, predicting it will be overwhelmingly valuable to the company [10]