Semiconductor rivals TSMC and SMIC came to a settlement agreement Monday as they headed into the damages phase of an acrimonious trade secrets trial. China's SMIC will pay Taiwan's TSMC $200 million plus an undisclosed amount of stock and warrants, according to TSMC's lead trial counsel, Jeffrey Chanin of Keker & Van Nest in San Francisco. The Keker lawyers had been seeking a jaw-dropping $2 billion in damages from the same jury that handed them a resounding victory last week.
November 10, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Semiconductor rivals TSMC and SMIC came to a settlement agreement Monday as they headed into the damages phase of an acrimonious trade secrets trial.
China’s SMIC will pay Taiwan’s TSMC $200 million plus an undisclosed amount of stock and warrants, according to TSMC’s lead trial counsel, Jeffrey Chanin of Keker & Van Nest in San Francisco.
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