TSMC applies to take 10% stake in SMIC

Peter Clarke, EE Times
(03/29/2010 5:41 AM EDT)   

LONDON — Leading foundry Taiwan Semiconductor Manufacturing Co. Ltd. (Hsinchu, Taiwan) has applied to the Taiwan government for approval to acquire a 10 percent stake in China's Semiconductor Manufacturing International Corp., according to reports.

The expected move, is the result of the settlement of a lawsuit in November 2009, which found that SMIC (Shanghai, China) has been using trade secrets and infringed patents belonging to TSMC.

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