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Chip Makers Exchange Barbs in Corporate Espionage Suit

Semiconductor Manufacturing International, China’s largest maker of custom chips, accused Taiwan Semiconductor Manufacturing on Wednesday of conducting a “smear campaign” after Taiwan Semiconductor filed new documents this week in its lawsuit accusing the Chinese company of corporate espionage. The escalation in the war of words came just a week after the Chinese semiconductor maker’s debut on the New York Stock Exchange disappointed investors; its shares fell 11 percent in its first day of trading to close at $15.52. The company’s stock price has begun to rise in the last two days, and on Wednesday closed up 19 cents at $14.79. In December, Taiwan Semiconductor, the world’s largest maker of custom chips, filed a lawsuit in Federal District Court in San Francisco accusing the Chinese chip maker of stealing trade secrets and infringing on its American patents. On Monday, it filed additional legal documents with the court that detailed its accusations against the Chinese company. Full Story

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