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TSMC wants a billion from SMIC |
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Written by Nick Farrell
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Friday, 06 November 2009 11:13 |
You nick our technology you go to the wall
After winning its case against Chinese Chip maker SMIC,
TSMC wants the outfit to pay it more than a billion dollars. If it gets its way, then TSMC could force SMIC to offer
itself for sale to the highest bidder. Currently it has more than a billion
dollars in debt and $500,000 in the bank.
TSMC stressed that the Alameda County Superior Court jury
will now enter the second phase of the trial where it will review evidence of
the harm TSMC suffered as a result of SMIC's misappropriation and breach of
their settlement agreement from November 2009.
While it says that compensation estimates are at this stage still only speculation, one billion dollars has been touted as a likely
figure. The court case, which some think could have gone either
way, was held over whether the Chinese company SMIC has been misappropriating
TSMC's trade secrets after a legal settlement was reached between the two in 2005.
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