On November 27th, Reuters disclosed that on Thursday, Taiwanese prosecutors carried out a search at the home of Luo Weiren, a former senior vice - president of TSMC, and confiscated several items, including computers. Earlier, on November 25th, TSMC lodged a lawsuit with the Taiwan Intellectual Property and Commercial Court. The company accused Luo Weiren of divulging trade secrets to his new employer, Intel. TSMC alleged that following his retirement, Luo Weiren joined Intel without providing any clear reasons. This move raised concerns that he might have disclosed the company's trade secrets and confidential information, which ultimately led TSMC to take legal action. In response to these accusations, Intel refuted the claims. The company stated that, based on the information at its disposal, there was no ground to believe the allegations were true. Intel also stressed that it has a strict policy in place, prohibiting the use or transfer of any confidential information or intellectual property from third - parties.
