- 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.
