April 27 (Reuters) – Chip toolmaker Tokyo Electron has cuts ties with veteran executive Jay Chen after the Japanese firm discovered his ties to investment vehicles backing a new generation of Chinese competitors, the Financial Times reported on Monday, citing people familiar with the matter. Reuters could not immediately verify the report. (Reporting by Preetika […]
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Chip toolmaker Tokyo Electron cuts ties with executive linked to Chinese rivals, FT reports
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April 27 (Reuters) – Chip toolmaker Tokyo Electron has cuts ties with veteran executive Jay Chen after the Japanese firm discovered his ties to investment vehicles backing a new generation of Chinese competitors, the Financial Times reported on Monday, citing people familiar with the matter.
Reuters could not immediately verify the report.
(Reporting by Preetika Parashuraman in Bengaluru; Editing by Subhranshu Sahu)