Settlement successfully reached between VIA Technologies and ASMedia for trade secrets misappropriation lawsuit
E170801Y3．E170801Y4 | Aug. 2017（E213）
VIA Technologies, Inc. (“VIA”) made an announcement that on July 29, 2017 they reached a settlement in the lawsuit filed against ASUSTeK Computer, Inc. (hereinafter “Asus”) and Asus’ affiliate company, ASMedia Technology Inc. (“ASMedia”) and also subsidiary, ASUS Computer International both in California, USA and in Taiwan, at the agreed upon settlement amount of USD15,000,000.
In 2013, VIA filed a lawsuit against ASMedia for trade secrets theft and copyright infringement, for which Taipei District Prosecutors Office decided to indict ASMedia and four employees thereof, including R&D vice president, CHANG Chi after conclusion of the prosecutorial investigation into the alleged misappropriation of VIA’s trade secrets and violation of Copyright Act in November 2013. Further in December 2013, VIA initiated a civil action with Taipei District Court against ASMedia and Asus to claim damages in an amount of TWD4.137 billion for recovery of loss. However, ASMedia’s chairman and president were not indicted. (July 2017)