Tokyo Electron Limited [8035.T]
TOKYO, Apr 27 (Pulse News Wire) – Tokyo Electron Limited (8035.T) announced today that its Taiwanese subsidiary, Tokyo Electron Taiwan Ltd., was ordered by a Taiwanese court to pay a fine of NT$150 million (approximately $5 million USD equivalent) related to an employee misconduct case involving customer confidential information. The penalty includes payments of NT$100 million to the affected client and NT$50 million to the Taiwanese government, subject to a three-year suspension of execution.
The company emphasized its commitment to strict adherence to laws and ethical standards, stating that it does not tolerate any behavior that violates these principles. Tokyo Electron acknowledged the court's finding that the subsidiary had failed to adequately supervise the former employee and pledged to strengthen its information management systems moving forward.
Previously reported, investigations and judgments confirmed no organizational involvement or external leakage of confidential information by Tokyo Electron or its subsidiary. The company also noted that it has reached an agreement with the impacted client to enhance principles concerning the protection and sharing of trade secrets and confidential information.
As a result, there is no expected impact on the company’s performance.
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