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Taiwan prosecutes semiconductor recruiters accused of illegally poaching talent for Chinese company Flags of the Republic of Taiwan (ROC) and Taiwan Semiconductor Manufacturing Co (TSMC) are displayed next to its headquarters in Hsinchu, Taiwan. Photo: Reuters
Taiwanese authorities have raided the offices of two companies that allegedly broke the law in poaching local chip talent for a mainland Chinese artificial intelligence (AI) chip maker, accusing the headhunters of undermining the local semiconductor industry.
The raid hit offices of WiseCore Technology and IC Link, recruitment companies that have headhunted hundreds of chip experts over the past three years through a joint venture with a mainland Chinese chip maker, the prosecutors office in New Taipei district said on Tuesday.
Taiwan accuses recruiters of poaching talent for China
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Taiwan govt accuses semiconductor recruiters of illegally poaching talent for Chinese company, raids their offices
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Mar 9, 2021 07:58 EST
Bitmain, a Beijing-based company best known for producing hardware for cryptocurrency mining, set up front companies in Taiwan in contravention of local law to hire semiconductor engineers with lucrative pay packages to develop AI technology for export to China, prosecutors in Taiwan allege.
According to local media reports, Bitmain set up two front companies in Taiwan under the names IC Link Limited Company and WiseCore to hire top engineers from Taiwan Semiconductor Manufacturing Company (TPE:2330) and MediaTek (TPE:2454). Although it isn’t illegal for China-based companies to set up branch offices in Taiwan, it requires registration with the government and it’s closely monitored under provisions in the
The manufacturing industry saw its growth accelerate in January from a stable state in the previous month, with an index gauging the sector’s health at “yellow-red” for the first time since September 2010, the Taiwan Institute of Economic Research (TIER, 台灣經濟研究院) said yesterday.
The think tank attributed the upward trend to a gradual recovery around the world as an increasing number of countries have launched programs to vaccinate their residents against COVID-19 and to the booming stay-at-home economy, which has increased demand for electronics.
The manufacturing sector has also benefited as businesses increased inventories prior to the Lunar New