TSMC Sues Ex-Executive Over Move to Join Intel (Correct)

Taiwan Semiconductor Manufacturing Co. sued a former executive who left to work for Intel Corp., saying there is a high likelihood that he leaked trade secrets from the world’s most advanced chipmaker to his new employer.

TSMC said it filed the lawsuit against Lo Wei-jen, a former senior vice president, on Tuesday at the Intellectual Property and Commercial Court in Taiwan. It said the legal action was based on a non-compete agreement that Lo had signed during his employment. A spokesperson for the court confirmed it received a lawsuit from TSMC on Tuesday.

The unusual action from TSMC underscores ...