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Market Chatter: Tokyo Electron Taiwan Unit Drops Appeal in TSMC Trade Secrets Dispute

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Tokyo Electron (TYO:8035) unit will not file an appeal in the trade secrets case involving Taiwan Semiconductor Manufacturing, TSMC (TPE:2330), as it respects the judicial process, the company told Reuters in a written statement on Thursday.

In April, a Taiwanese court fined the Japan-based company's local unit NT$150 million over allegations linked to confidential technology tied to TSMC's advanced chip processes.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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