Intel Stock Surges Amid TSMC Talent Poaching Reports
Intel shares climbed over 3% in Wednesday trading despite escalating reports of talent poaching from TSMC. The chipmaker is allegedly offering 20-30% salary premiums and reduced workloads to lure TSMC employees at Arizona fabs—a strategic MOVE as both firms expand US semiconductor production.
Legal gray areas surround the recruitment of former TSMC executive Wei-Jen Lo, though market reaction suggests investors view the talent wars as a bullish signal for Intel's manufacturing ambitions. The absence of specific US trade secret laws covering such cases adds complexity to the dispute.