Applied Materials Hit With Trade Secrets Infringement Lawsuit By Beijing-Backed Semiconductor Company: Report

Beijing E-Town Semiconductor reportedly said in its lawsuit that Applied Materials used the company’s core technology secrets related to plasma sources and water surface treatment.

U.S.-based Applied Materials Inc. (AMAT) has reportedly been hit with a lawsuit by Beijing E-Town Semiconductor over alleged infringement of trade secrets.

Beijing E-Town Semiconductor said in its lawsuit that Applied Materials used the company’s core technology secrets related to plasma sources and water surface treatment, according to a report by Reuters, citing a filing by the Beijing-based semiconductor company with the Shanghai Stock Exchange.

Get updates to this story developing <directly on Stocktwits<.<

For updates and corrections, email newsroom[at]stocktwits[dot]com.<