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Asian semiconductor stocks, including SK Hynix, Samsung, SoftBank, and Tokyo Electron, experienced significant losses, with SK Hynix dropping 11%, as nervousness from Wall Street spread to Asian markets.
Japanese chip toolmaker Tokyo Electron has reportedly severed its relationship with an executive. This decision follows reports linking the executive to rival companies in China.
A Taiwan court has sentenced former Tokyo Electron employees to up to 10 years in prison and fined the company for illegally acquiring trade secrets from chip giant TSMC.
Elon Musk's staff has reportedly contacted various suppliers, including Applied Materials, Tokyo Electron, and Lam Research, to accelerate his new Terafab chipmaking project. Musk is urging suppliers to move at "light speed" to support this ambitious plan.
A former employee of Tokyo Electron has been sentenced to a 10-year jail term in Japan for their involvement in a trade secrets case related to TSMC.