Latest news with #PeterBlumberg
Mint
6 days ago
- Business
- Mint
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. The Chinese chip-gear maker alleged that the Santa Clara, California-based company illegally obtained, used and revealed its core technologies related to the application of plasma source in treating the surface of wafers, the statement said. The court has filed the case but has not begun a trial, E-Town added. Applied Materials earlier hired two employees from E-Town's fully owned US subsidiary, Mattson, and they were privy to the Beijing company's proprietary plasma technologies, the filing said. Applied Materials filed a patent application crediting the duo as inventors with the National Intellectual Property Administration in China after the two joined the Santa Clara company, the Beijing firm said, alleging that the content revealed trade secrets co-owned by E-Town and Mattson. 'The patent application violated the rules of China's Anti-Unfair Competition Law, and it infringes on trade secrets, and has caused significant damage to the plaintiff's intellectual property and economic interests,' E-Town said in the filing, adding that Applied Materials is also suspected of marketing and selling the technologies involved in the case to Chinese customers. E-Town is asking the court to demand that Applied Materials stop using its trade secrets and destroy related materials. It's also seeking about 100 million yuan in recompense for damage. The Beijing Intellectual Property Court didn't answer multiple calls outside of regular hours. Applied Materials didn't immediately respond to requests for comment. Chip-gear technology is a focal point in the prolonged technology war between the US and China. To date, the semiconductor manufacturing equipment space is still dominated by the US, the Netherlands and Japan. A yearslong US-led campaign has prevented Chinese companies from securing Dutch supplier ASML Holding NV's state-of-the-art extreme ultraviolet lithography systems, which are required to make the most cutting-edge chips for developing artificial intelligence algorithms. ASML's technologies also don't work at a chipmaking plant without support from US equipment suppliers, including Applied Materials and Lam Research Corp. While E-Town's move might be seen as part of China's efforts to retaliate against the US, the two companies have their own existing dispute. In 2022, Applied Materials sued Mattson over alleged corporate espionage. Mattson denied any wrongdoing at the time. With assistance from Peter Blumberg and Brody Ford.
Associated Press
12-03-2025
- Business
- Associated Press
Ethisphere Names FedEx as One of the 2025 World's Most Ethical Companies®
MEMPHIS, Tenn., March 11, 2025 /3BL/ - FedEx Corporation (NYSE: FDX) has received the 2025 World's Most Ethical Companies ® recognition by Ethisphere, a global leader in defining and advancing the standards of ethical business practices. FedEx is being recognized for the third consecutive year and is the only honoree in the Transportation/Trucking/Railroad industry. In 2025, 136 honorees were recognized spanning 19 countries and 44 industries. 'This is a great honor for FedEx, and we are pleased to be among this select group of companies with exceptional compliance programs and commitments to advancing business integrity for the third year in a row,' said Peter Blumberg, chief compliance officer of FedEx Corporation. 'Our FedEx team members around the globe have done an incredible job building and maintaining our strong culture of compliance and ethics, and we are truly appreciative of this esteemed — and hard-earned — recognition.' 'Congratulations to FedEx for achieving recognition as one of the World's Most Ethical Companies®,' said Erica Salmon Byrne, Ethisphere's chief strategy officer and executive chair. 'Behind this honor is a true dedication and a commitment to advancing business integrity. This approach is good for business – employees and other stakeholders value companies that prioritize the kinds of practices we measure with our process.' Ethics & Performance: The Ethics PremiumThe listed 2025 World's Most Ethical Companies® Honorees outperformed a comparable index of global companies by 7.8 percentage points from January 2020 to January 2025. Methodology & ScoringThe World's Most Ethical Companies assessment is grounded in Ethisphere's proprietary Ethics Quotient®, which requires companies to provide 240+ different proof points on practices that support robust ethics and compliance; governance; a culture of ethics; environmental and social impact; and initiatives that support a strong value chain. That data undergoes further qualitative analysis by our panel of experts who spend thousands of hours vetting and evaluating each year's group of applicants. This process serves as an operating framework to capture and codify best-in-class ethics and compliance practices from organizations across industries and from around the world. HonoreesTo view the full list of this year's honorees, please visit the World's Most Ethical Companies website, at About FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce, and business services. With annual revenue of $87 billion, the company offers integrated business solutions utilizing its flexible, efficient, and intelligent global network. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 500,000 employees to remain focused on safety, the highest ethical and professional standards, and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. To learn more, please visit EthisphereEthisphere is the global leader in defining and advancing the standards of ethical business practices that strengthen corporate brands, build trust in the marketplace, and deliver business success. Companies turn ethics, compliance, and culture into a business advantage by leveraging Ethisphere's data-driven program and culture assessments featuring the latest guidance and the practices of hundreds of global organizations across the 8 pillars of an ethical culture, and 240+ ethics, compliance, social, and governance data points delivered through a proprietary software platform. Ethisphere also honors superior integrity programs through World's Most Ethical Companies® recognition, brings together a community of industry experts with the Business Ethics Leadership Alliance (BELA), and advances ethical business practices through the Global Ethics Summit, Ethisphere Magazine and the Ethicast podcast. For more information, visit
Yahoo
11-03-2025
- Business
- Yahoo
Ethisphere Names FedEx as One of the 2025 World's Most Ethical Companies(R)
MEMPHIS, TN / / March 11, 2025 / FedEx Services Annual recognition honors organizations committed to business integrity through robust ethics, compliance, and governance programs FedEx Corporation (NYSE:FDX) has received the 2025 World's Most Ethical Companies® recognition by Ethisphere, a global leader in defining and advancing the standards of ethical business practices. FedEx is being recognized for the third consecutive year and is the only honoree in the Transportation/Trucking/Railroad industry. In 2025, 136 honorees were recognized spanning 19 countries and 44 industries. "This is a great honor for FedEx, and we are pleased to be among this select group of companies with exceptional compliance programs and commitments to advancing business integrity for the third year in a row," said Peter Blumberg, chief compliance officer of FedEx Corporation. "Our FedEx team members around the globe have done an incredible job building and maintaining our strong culture of compliance and ethics, and we are truly appreciative of this esteemed - and hard-earned - recognition." "Congratulations to FedEx for achieving recognition as one of the World's Most Ethical Companies®," said Erica Salmon Byrne, Ethisphere's chief strategy officer and executive chair. "Behind this honor is a true dedication and a commitment to advancing business integrity. This approach is good for business - employees and other stakeholders value companies that prioritize the kinds of practices we measure with our process." Ethics & Performance: The Ethics PremiumThe listed 2025 World's Most Ethical Companies® Honorees outperformed a comparable index of global companies by 7.8 percentage points from January 2020 to January 2025. Methodology & ScoringThe World's Most Ethical Companies assessment is grounded in Ethisphere's proprietary Ethics Quotient®, which requires companies to provide 240+ different proof points on practices that support robust ethics and compliance; governance; a culture of ethics; environmental and social impact; and initiatives that support a strong value chain. That data undergoes further qualitative analysis by our panel of experts who spend thousands of hours vetting and evaluating each year's group of applicants. This process serves as an operating framework to capture and codify best-in-class ethics and compliance practices from organizations across industries and from around the world. HonoreesTo view the full list of this year's honorees, please visit the World's Most Ethical Companies website, at About FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce, and business services. With annual revenue of $87 billion, the company offers integrated business solutions utilizing its flexible, efficient, and intelligent global network. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 500,000 employees to remain focused on safety, the highest ethical and professional standards, and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. To learn more, please visit EthisphereEthisphere is the global leader in defining and advancing the standards of ethical business practices that strengthen corporate brands, build trust in the marketplace, and deliver business success. Companies turn ethics, compliance, and culture into a business advantage by leveraging Ethisphere's data-driven program and culture assessments featuring the latest guidance and the practices of hundreds of global organizations across the 8 pillars of an ethical culture, and 240+ ethics, compliance, social, and governance data points delivered through a proprietary software platform. Ethisphere also honors superior integrity programs through World's Most Ethical Companies® recognition, brings together a community of industry experts with the Business Ethics Leadership Alliance (BELA), and advances ethical business practices through the Global Ethics Summit, Ethisphere Magazine and the Ethicast podcast. For more information, visit Click here to learn about FedEx Cares, our global community engagement program. View additional multimedia and more ESG storytelling from FedEx Services on Info:Spokesperson: FedEx ServicesWebsite: info@ FedEx Services View the original press release on ACCESS Newswire Sign in to access your portfolio
