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Taiwan Continues Its Crusade Against Chinese Companies For Alleged Poaching Of Chip Engineers

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  • Taiwan officers raided ten Chinese companies or their R&D centers suspected of illegally poaching chip engineers and other tech talents, Reuters reports as per the island's Investigation Bureau.

  • Taiwan summoned 70 people in a joint crackdown across several cities, ramping up its crusade against illegal poaching by Chinese companies threatening its chip expertise.

  • Previously in March, Taiwan, home to chipmaker giant Taiwan Semiconductor Manufacturing Company Ltd (NYSE: TSM), raided eight Chinese companies for similar reasons.

  • The Investigation Bureau previously launched investigations into 100 Chinese companies suspected of illegally poaching technology talents.

  • Taiwan did not disclose the names of the Chinese companies.

  • Taiwanese law prohibits Chinese investment in some parts of the semiconductor supply chain, including chip design. It requires reviews for other areas such as chip packaging.

  • Price Action: TSM shares traded higher by 1.01% at $91.32 on the last check Thursday.

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