Latest news with #Beijing E-Town Semiconductor
South China Morning Post
5 days ago
- Business
- South China Morning Post
Beijing E-Town Semiconductor sues Applied Materials over trade secret infringement
Chinese chip equipment maker Beijing E-Town Semiconductor Technology has slapped US rival Applied Materials with a lawsuit over a trade secret infringement, demanding 99.99 million yuan (US$14 million) as compensation. Applied Materials 'illegally obtained and used the company's core technology secrets' related to proprietary wafer surface treatment technology, according to Beijing E-Town's filing on Wednesday to the Shanghai Stock Exchange The Chinese firm accused Applied Materials of applying for a mainland patent that involved its technology. The US firm was also 'suspected of promoting and selling products using the technical secrets involved to customers in China'. The case against Applied Materials was filed with the Beijing Intellectual Property Court, which accepted the submission, according to Beijing E-Town. No hearing date has been set. Santa Clara, California-based Applied Materials did not immediately reply to a request for comment. Beijing E-Town's shares closed down 1.84 per cent to 22.46 yuan on Thursday.
Bloomberg
6 days ago
- Business
- Bloomberg
US Chip-Gear Maker Sued in China Over Alleged Trade Secret Theft
Top US chip-equipment supplier Applied Materials Inc. was sued by a rival in China over what that company characterized as trade secret theft, a further escalation in the technology war between the world's two largest economies. Beijing E-Town Semiconductor Technology Co. filed a lawsuit with the Beijing Intellectual Property Court against Applied Materials, according to a company statement to the Shanghai Stock Exchange.
Reuters
6 days ago
- Business
- Reuters
Beijing E-Town Semiconductor sues US's Applied Materials over trade secrets infringement
BEIJING, Aug 13 (Reuters) - Beijing E-Town Semiconductor Technologies ( 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 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.
