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TSMC Faces Internal Security Breach as AI Chip Tech Leaks Surface
TSMC Faces Internal Security Breach as AI Chip Tech Leaks Surface

Yahoo

time2 days ago

  • Business
  • Yahoo

TSMC Faces Internal Security Breach as AI Chip Tech Leaks Surface

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the . On August 5, Reuters reported that authorities have detained three people in Taiwan for allegedly stealing technology trade secrets from Taiwan Semiconductor Manufacturing Co. The individuals were detained late last month after TSMC reported findings from an internal investigation which had shown that former and current employees had illegally obtained information from them. Andrey_Popov/ According to the prosecutor's office, another two people have been released on bail, while one more has been released. Meanwhile,the three individuals detained include one former employee and two current staff members. TSMC announced that it has launched legal proceedings and taken disciplinary action against employees who are involved in potential trade secret leaks. The incident has come to light during routine monitoring through the company's 'comprehensive and robust monitoring mechanisms.' Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) manufactures and sells advanced chips used in artificial intelligence applications. While we acknowledge the potential of TSM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Sign in to access your portfolio

Fiji's top prosecutor in NZ accused of corruption claims charges are politically motivated
Fiji's top prosecutor in NZ accused of corruption claims charges are politically motivated

RNZ News

time3 days ago

  • Politics
  • RNZ News

Fiji's top prosecutor in NZ accused of corruption claims charges are politically motivated

Fiji's suspended chief prosecutor, New Zealander Christopher Pryde Photo: Christopher Pryde Fiji's top prosecutor claims moves to extradite him on corruption charges are designed to intimidate and get rid of him. Christopher Pryde, who is in self-imposed exile in Aotearoa, claims charges brought by the country's anti-corruption agency this week are bogus. He believes the Fijian government wants to stop him prosecuting those maligned in a Commission of Inquiry report into the former head of the agency. On Tuesday, the Fiji Independent Commission Against Corruption (FICAC) announced it had begun extradition proceedings against the 60-year-old. FICAC'S decision came soon after President Ratu Naiqama Lalabalavu suspended Pryde's FJ$250,000 (approximately NZ$184,000) salary. "These are heavy-handed tactics that are designed to intimidate me and to prevent me from coming back to Fiji and resuming my duties," Pryde said. He is seeking a judicial review of the President's decision in the High Court in Suva. Pryde has been charged with three counts of corruption by the Suva Magistrate's Court, namely that he allegedly: He has denied any wrongdoing and told Pacific Waves the charges were politically-driven. Neither the New Zealand High Commission in Suva nor the Ministry of Foreign Affairs in Wellington have so far responded to his requests for support, he said. Pryde was hired in 2011 by convicted former prime minister Frank Bainimarama, who seized power in a military coup in 2006. Bainmiarama returned the country to democracy in 2014 with a landslide victory in a general election. Pryde was suspended on full pay for "misbehaviour" in April 2023, after he was seen talking to former Attorney-General Aiyaz Sayed-Khaiyum at a cocktail function in the capital. Sayed-Khaiyum was under police investigation at the time but Pryde maintains he never read his file. In April last year, he was also charged with receiving superannuation payments that had not been approved by the JSC. Pryde's superannuation ceased then his salary and all contractual benefits were "unilaterally" cut off by the Fijian government in July 2024. However, he was exonerated in January, following a week-long investigation by a Tribunal, which recommended he not be removed from his position. Two days after he was cleared, he was hit with fresh charges, similar to those he is facing now. He claims he addressed them at the time. A spokesperson for FICAC declined to comment on Pryde's allegations, saying the matter was "sub judice". The government's director of information Samisoni Pareti echoed her response. "As this matter is before our courts in Fiji, there won't be any official response to the matters Mr Pryde has raised with your organisation," he said. The court adjourned the case until 15 September for an update on the extradition process.

Metro Detroit police officer charged with misconduct in three separate incidents
Metro Detroit police officer charged with misconduct in three separate incidents

CBS News

time3 days ago

  • CBS News

Metro Detroit police officer charged with misconduct in three separate incidents

A Melvindale police officer is facing misconduct and assault charges in connection with three separate incidents in 2021 and 2024, according to the Wayne County Prosecutor's Office. On July 23, 2021, Police Officer Matthew Furman, 40, assisted in a police pursuit that ended in the area of Outer Drive and Dartmouth Street in Dearborn. While officers were putting handcuffs on the 35-year-old suspect, prosecutors said Furman allegedly kicked the man in the leg and ankle multiple times. Nearly three years later, on April 13, 2024, Furman conducted a traffic stop on a 34-year-old woman's car on Wood Avenue in Melvindale for an expired license plate and no insurance. Prosecutors said that during the traffic stop, Furman asked for the woman's ID, but she did not comply. He opened the woman's door and forcibly grabbed her, according to the prosecutor's office. Furman failed to remove the woman and allegedly used his department-issued Taser, hitting her in the leg. Prosecutors said he then ordered the woman and her children out of the car. Paramedics were called to treat the woman's injuries. Prosecutors said on July 20, 2024, Furman conducted a traffic stop in the area of Homestead Avenue and Wall Street in Melvindale for improper plates and asked the man for his ID. The man said he did not have it, and Furman asked him to get out of the car. Prosecutors alleged that after the man got out of the car and placed his hands on the roof, Furman used his Taser, striking him in the back twice, and kicked him in his leg. Other Melvindale police officers were called to the scene to arrest the man. During the arrest, Furman allegedly put his foot on the man's rib area, according to the prosecutor's office. Paramedics arrived at the scene to treat the man's injuries when there was an argument between the man and Furman. The prosecutor's office said Furman allegedly grabbed the man's shirt and hair and pulled him against the fire truck. Furman is charged with three counts of misconduct in office, three counts of assault or assault and battery, and two counts of felonious assault. He is expected to be arraigned on Friday. "It is important to remember that the majority of our police officers are bravely placing their lives on the line every day and proudly serving with the utmost integrity. The alleged behavior of this officer is a criminal and does a disservice to the men and women who have taken an oath to protect and serve all of our citizens," said Prosecutor Kym Worthy in a statement.

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