Multinational chip contract manufacturing and design company Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) — more commonly known as TSMC — suffered a noticeable decline on Tuesday. While the foundry giant is rapidly expanding its cutting-edge 2-nanometer facilities from seven to ten sites (obviously a direct impact from the dramatic demand surge of artificial intelligence), it has also attracted attention for a less-than-auspicious news item.
Part of the volatility that affected TSM stock on Tuesday may be due to a trade secrets dispute. According to a CNBC report, TSMC filed a lawsuit earlier today against a former senior vice president, accusing the individual of leaking confidential information to rival semiconductor player Intel Corp (NASDAQ:INTC).
