Applied Materials (AMAT) is facing a legal action filed by Beijing E-Town Semiconductor Technologies, which accused the company of unlawfully obtaining and using its trade secrets, Reuters reported Wednesday, citing a filing from Beijing E-Town.
According to Reuters, Beijing E-Town alleged that Applied Materials infringed its trade secrets on plasma sources and wafer surface treatment and disclosed the secrets as it applied for a patent in China. Beijing E-Town is seeking about 100 million Chinese renminbi ($13.9 million) in damages, said the newswire.
Applied Materials did not immediately respond to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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