XtremeSystems Forums - TSMC wants a billion from SMIC

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TSMC wants a billion from SMIC

Quote:

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 a billion dollar has been touted as a likely figure. The court case, which some think could have gone either way, was over whether the Chinese company had SMIC has been misappropriating TSMC's trade secrets since a 2005 legal settlement reached between the two.

More lawsuits, not against Intel this time, though... Is it the time of the year when lawyers wake up from hibernation or something? :shrug:

When a company cannot make money out of doing it's business, it sues other companies to make up for it.

so what exactly did SMIC do? does anybody know the details?

Quote:

Originally Posted by zalbard (Post 4097740)

Is it the time of the year when lawyers wake up from hibernation or something? :shrug:

Lawyers are like roaches... they'll be the only ones left after a holocaust.

Quote:

Originally Posted by saaya (Post 4097822)

so what exactly did SMIC do? does anybody know the details?

Pretty irrelevant... SMIC is in China... they will never get a penny from them :ROTF:

Quote:

Originally Posted by 003 (Post 4098954)

Pretty irrelevant... SMIC is in China... they will never get a penny from them :ROTF:

HAHAjajajajja

QFT :p:

Quote:

Originally Posted by 003 (Post 4098954)

Pretty irrelevant... SMIC is in China... they will never get a penny from them :ROTF:

again pure nonsense! But it's in line with other of your posts!

http://www.eetimes.com/news/latest/s...leID=221600875

Quote:

Originally Posted by Jeffrey Chanins

Under the terms of the settlement, SMIC (Shanghai) will pay TSMC (Hsinchu) $200 million plus an undisclosed amount of SMIC stock and warrants, according to Jeffrey Chanin, a partner at the law firm Keker & Van Nest LLP, which represents TSMC. The court will maintain jurisdiction to enforce the verdict, Chanin said. All other terms of the settlement are confidential, he said.