Yesterday, we reported on TSMC’s newly filed lawsuit against one of its former executives, Wei-Jen Lo, alleging breach of contract. TSMC believes that Lo’s extensive history at the firm carries invaluable “trade secrets” that he could leak to Intel, giving it a competitive advantage. Today, in response to this lawsuit, Intel CEO Lip-Bu Tan reassured employees in an internal memo that the company fully stands behind Wei-Jen Lo and dismissed all allegations as baseless.
Lo joined Intel as Executive Vice…