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Message: TSMC win a major blow to China's biggest chip maker in U S court (maybe $1 bil

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TSMC win a major blow to China's biggest chip maker in U S court (maybe $1 bil

posted on Nov 16, 09 01:12AM

A jury at the Superior Court of California in Alameda County voted in favor of TSMC in the case against Semiconductor Manufacturing International (SMIC). TSMC had sued SMIC in a case involving theft of trade secrets, patent infringement and breach of contract over a prior settlement between the two companies.

TSMC could be awarded up to US$1 billion in damages, and could also win an injunction preventing infringing chips from entering the U.S., Abrams wrote in a research note. Since SMIC ended the third quarter of this year with US$500 million in cash and $1.1 billion in debt, a big financial penalty and an injunction would seriously crimp SMIC's ability to do business, he said.

There maybe a lot of chinese MMP infringers out there.

IMO

GLTAL

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