Former senior executives of Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR(TSM.US) are involved in another case of leaking confidential information. The residence of Lo Wei-jen suddenly searched by prosecutors.

The dispute involving the former senior executive who is accused of taking trade secrets to join Intel Corporation is escalating. According to the latest news, prosecutors recently conducted a search of the residence of former Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR executive Peter Luo, who is accused of potentially leaking trade secrets to Intel Corporation. This move indicates that the authorities in Taiwan are increasing their investigation into this high-profile commercial dispute. The prosecutor's office stated that law enforcement officers conducted searches at two residences belonging to former senior vice president Peter Luo in Taipei and Hsinchu on Wednesday. This action comes just days after Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR formally accused Luo of likely leaking sensitive information of the world's leading chip maker to its US employer, Intel Corporation. Intel Corporation has denied the allegations, while Luo has not made any comments through the company. The unusually high level of attention from Taiwan authorities and Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR to this case highlights the extreme sensitivity of cutting-edge chip technology - a technology that not only maintains the market leadership of this Asian company but also affects Taiwan's political influence. While cases of employees leaving Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR to join competitors or other companies in the supply chain are not uncommon, cases involving high-level executives like Luo causing disputes are extremely rare. With a market value exceeding $1.15 trillion, Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR has surpassed semiconductor pioneer Intel Corporation and become the undisputed global leader in the semiconductor manufacturing field. The company's data and manufacturing processes are not only invaluable but also considered important strategic assets by Taiwan. The economic affairs department of Taiwan province stated that they will closely monitor the potential impact of this case on the chip industry and cooperate with local prosecutors to investigate whether any laws have been violated. It is understood that Peter Luo was responsible for the research and development business at Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR and played a key role in mass production of cutting-edge chips, including those used for artificial intelligence accelerators. After more than 20 years at Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR, he resigned in July this year. Before joining Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR in 2004, Peter Luo worked at Intel Corporation, focusing on advanced technology research and development, including overseeing operations at a chip factory in Santa Clara, California.