TSMC Takes Action After Suspected Trade Secret Leak; Three Arrested
Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest chipmaker, has discovered potential leaks of its trade secrets involving some of its employees. The company reported finding 'unauthorized activities' related to sensitive information about its advanced computer chips.
TSMC has taken disciplinary measures against the employees involved and has started legal proceedings. Authorities in Taiwan have arrested three individuals in connection with the suspected theft.
The company stated that the leaked information could pose a risk to its technological leadership. News of the incident led to a drop in TSMC's stock price.
Trade secrets are confidential business information that gives a company a competitive edge. Protecting them helps companies maintain their leadership and profitability.
TSMC disciplined the employees involved, began legal action, and is working with authorities, which led to three arrests.
Yes, TSMC's stock price fell following reports of the suspected trade secret theft.
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