Trade Secrets

TSMC is suing a former senior VP, Wei-Jen Lo, alleging he leaked confidential information to Intel after joining them in July. TSMC claims Lo violated his contract and potentially the Trade Secrets Act. Concerns arise over the potential compromise of strategic proprietary data. Taiwan’s High Prosecutors Office is also investigating. TSMC’s stock fell by over 3%, while Intel’s dipped 1.5%. Intel’s CEO denies any misconduct, but the lawsuit highlights the competitive intensity and IP risks within the semiconductor industry.

Joby Aviation has sued rival Archer Aviation, alleging corporate espionage involving a former Joby employee, George Kivork. Joby claims Kivork stole sensitive files before joining Archer, who then used the information to sway a Joby partner. Archer denies the allegations, calling the lawsuit “baseless.” A hearing is scheduled for March 20, 2026. The lawsuit arrives as both companies pursue FAA certification in the competitive eVTOL industry. The outcome could significantly impact intellectual property rights and development timelines.