logo
Beijing E-Town sues US firm Applied Materials alleging trade secrets leak

Beijing E-Town sues US firm Applied Materials alleging trade secrets leak

Reutersa day ago
BEIJING, Aug 13 (Reuters) - Beijing E-Town Semiconductor Technologies (688729.SS), opens new tab, a semiconductor equipment firm backed by Beijing's government, on Wednesday said it has sued U.S. chip equipment supplier Applied Materials (AMAT.O), opens new tab over alleged trade secrets infringement.
Applied Materials had illegally obtained and used Beijing E-Town's core technology secrets related to plasma sources and wafer surface treatment, the Beijing-based company said according to a filing on the Shanghai Stock Exchange.
The company, which is seeking 99.99 million yuan ($13.94 million) in compensation, alleged that Applied Materials had disclosed technical secrets by applying for a patent in China and claiming the patent's application rights.
Applied Materials did not immediately respond to a request for comment.
In 2016, Beijing E-Town acquired Mattson Technology, a California-based semiconductor wafer processing equipment designer and manufacturer.
Applied Materials sued Mattson in 2022, alleging that it had hired its former employees with the intention of stealing trade secrets. In 2023, Mattson countersued Applied Materials making similar accusations.
In the new case filed with the Beijing Intellectual Property Court, Beijing E-Town alleged that Applied Materials had hired two former Mattson employees, who were later listed as the principal inventors behind a patent filed by Applied Materials in China.
The patent, filed with China's intellectual property administration, disclosed confidential technical know-how jointly held by Beijing E-Town and Mattson, Beijing E-Town said.
Applied Materials' actions, the Beijing firm said, violated China's fair competition law and constituted infringement of its trade secrets.
The Beijing court has accepted the civil case but no court hearing has yet been held, Beijing E-Town said.
($1 = 7.1746 Chinese yuan renminbi)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

GAMCO sues Redstone for allegedly short-changing Paramount investors in Skydance deal
GAMCO sues Redstone for allegedly short-changing Paramount investors in Skydance deal

Reuters

timean hour ago

  • Reuters

GAMCO sues Redstone for allegedly short-changing Paramount investors in Skydance deal

Aug 14 (Reuters) - Billionaire investor Mario Gabelli's investment fund filed a class-action lawsuit on behalf of Paramount Global shareholders alleging the company's controlling shareholder, Shari Redstone, benefited unfairly at their expense in the $8.4-billion merger with Skydance Media, according to a statement from Gabelli's firm. Gabelli Value 25 Fund and affiliates alleged that Redstone's investment vehicle, National Amusements (NAI), received $60 for each of its Class A Paramount shares while public shareholders only received $23, according to a statement from Gabelli's GAMCO Investors. The lawsuit named as defendants National Amusements, which is now known as Harbor Lights Entertainment, Paramount Global board members, Redstone, and Skydance. A representative of Redstone declined to comment, and Skydance did not immediately respond to a request for comment on the lawsuit, which was filed under seal on Wednesday in Delaware's Court of Chancery. GAMCO said it had an obligation to pursue the lawsuit on behalf of its clients. "GAMCO voiced its concerns early in the process and asked at minimum for more transparency regarding what NAI was receiving for its identical Paramount voting shares," said a statement from Christopher Marangi, co-CIO, Value, of GAMCO Investors. He said GAMCO was forced to redeem its shares for cash. The drawn-out deal with Skydance closed on August 7, creating the Paramount Skydance Corp (PSKY.O), opens new tab. The merger combines Paramount's sprawling global distribution network and prized film and TV library with Skydance's production and technological capabilities. GAMCO was listed in Paramount's 2025 proxy statement as the second-largest shareholder with 11.7% of the company's Class A stock. Marangi said Paramount ignored GAMCO's concerns and did not put the deal to a vote of minority investors, as it said was customary.

Chevy's Next Van Could Be a Rebadged Hyundai Staria 'Spaceship'
Chevy's Next Van Could Be a Rebadged Hyundai Staria 'Spaceship'

Auto Blog

time2 hours ago

  • Auto Blog

Chevy's Next Van Could Be a Rebadged Hyundai Staria 'Spaceship'

By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. General Motors might be about to replace its aging Express and Savana vans with something straight out of a sci-fi sketchbook. According to reports, Chevy's next light commercial vehicle could be a rebadged Hyundai Staria — the futuristic van currently sold in Asia and Europe. The move comes as GM deepens its product-sharing alliance with Hyundai, with five co-developed vehicles planned by 2028. It's a surprising turn for a brand more often associated with full-size pickups, muscle cars like the rumoured 1,000-horsepower Camaro ZL1 crossover, and giant EV trucks, but it could breathe life into a commercial lineup that's been stuck way back into the early 2000's. 1 / 2 Zoom In Launch Gallery A GM-Hyundai Partnership With Range Under the deal, Hyundai will provide the basic platform and drivetrain technology, while GM handles exterior design tweaks and the all-important Chevrolet badging. The Staria's space-age looks — tall beltline, wraparound glass, and cab-forward stance — would be a shock to traditional van buyers, but GM sees opportunity in offering something distinctive to fleets and small businesses. Hyundai has electric and hybrid versions ready, and an American-market Staria could sit alongside Chevy's other EV projects, including the record-setting Silverado EV, which recently covered more than 1,000 miles without charging. 1 / 2 Zoom In Launch Gallery From Spaceship to Showroom If it arrives in North America, the van could be built domestically starting in 2028, with passenger and cargo configurations aimed at both retail buyers and commercial operators. Hyundai's global Staria lineup includes all-electric PBV (purpose-built vehicle) variants and efficient turbo-hybrids — powertrains that would give Chevy a modern edge in a segment dominated by boxy, thirsty rivals. For Chevrolet, which still sells one of the cheapest cars in America alongside high-end sports cars, this sort of versatility is part of a broader strategy to cover more of the market without huge in-house development costs. 1 / 2 Zoom In Launch Gallery A Bold Bet on Style and Substance Whether American van buyers are ready for something that looks more like a Star Trek shuttle than a cargo hauler remains to be seen. Yet the move is somewhat sensible: GM gets a fresh, efficient, and safety-tech-packed product years sooner than it could develop one from scratch. For Hyundai, it's a way to push more volume through its PBV platform while reaching markets where it has little van presence. If Chevy can combine Hyundai's engineering with a price point and dealer network that makes sense, the 'spaceship van' might just succeed in a segment that rarely makes headlines. About the Author Max Taylor View Profile

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store