Taiwanese prosecutors charged Tokyo Electron Ltd. for failing to prevent staff from allegedly stealing Taiwan Semiconductor Manufacturing Co. trade secrets, escalating a dispute involving two Asian linchpins of a chip industry increasingly vital to national and economic security.

Prosecutors indictedBloomberg Terminal the Japanese company on several counts of violating business secret and national security laws, they said in a statement on Tuesday. They’re asking a local court to rule in favor of their request for Tokyo Electron pay a fine for failing in its duty to prevent the alleged theft.

AloJapan.com