Tesla Sues a Chinese Chip Designer Over Intellectual Property Dispute

Chinese national security newspaper, The Shanghai Securities Journal, reports Tuesday that American electric automaker, Tesla (NASDAQ:TSLA) has filed a lawsuit against Chinese chip designer, Bingling Intelligent Technology, over tech secret infringement and unfair competition disputes.

Tesla alleges that Bingling violated its intellectual property rights, particularly in integrated circuit chip design, and may have unlawfully obtained Tesla’s technological know-how.

The electric automaker is apprehensive that Bingling’s actions could result in technology leakage and the illicit acquisition of trade secrets, potentially harming Tesla’s market standing and business interests.

Read the source article at Investing.com