Tokyo Electron says it has not confirmed any organisational involvement after TSMC secrets stealing indictment

TOKYO, Aug 28 (Reuters) - Tokyo Electron 8035.T has not confirmed any organisational involvement following the indictment of a former employee in Taiwan for alleged theft of trade secrets from TSMC, the Japanese chipmaking equipment maker said on Thursday.

Taiwan prosecutors said on Wednesday that they have indicted three people for theft of trade secrets from TSMC 2330.TW, accusing them of conspiring to use the information to help Tokyo Electron compete for TSMC supplier deals for the 2-nanometer process.

The three defendants included a former TSMC employee, surnamed Chen, who after joining Tokyo Electron had allegedly solicited help from his former colleagues for the information on TSMC's technology trade secret, the prosecutors said.