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Bitmain accused of illegally poaching engineers by officials in Taiwan

Bitcoin miner maker Bitmain is reportedly in hot water in Taiwan amid the backdrop of the ongoing U.S.-China tech tussle.
Prosecutors in Taiwan have accused Bitmain Technologies of illegally poaching more than 100 Taiwanese engineers.According to a report by Nikkei Asia, a probe has already been launched in New Taipei and Hsinchu — Taiwan’s semiconductor manufacturing hub — to investigate the activities of the Chinese crypto mining chipmaker.The New Taipei Prosecutors Office says as part of the illegal poaching enterprise, the Bitcoin (BTC) mining chip maker allegedly set up shell companies that were used for the illicit recruitment, adding:“We discovered that Bitmain has been poaching Taiwanese research and development talent to speed up its efforts on artificial intelligence chip capability by illegally setting up companies in Taiwan. The newly established companies served a headhunting purpose and the timespan of what Bitmain did dates back to 2018.”The move by Taiwanese officials comes as Beijing is reportedly upping the ante on its own chip manufacturing industry. Indeed, semiconductors are reportedly going to be a focus item at the National People’s Congress which begins on Mar. 12.A global chip famine has risen to the forefront of the Sino-American economic tussle with U.S. President Joe Biden recently calling for a robust review of America’s semiconductor supply chain.As previously reported by Cointelegraph, increasing demand for the limited supply of semiconductors has seen Bitcoin miners facing chip shortages. This situation has led to a significant premium on the price …
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