Taiwan accuses Chinese Apple supplier of trying to illegally poach tech talent
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 31 2024
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Source: Yahoo Finance
- Accusations Against Chinese Companies: Taiwanese law enforcement has accused a Chinese Apple supplier, Luxshare Precision Industry, and U.S.-sanctioned Zhejiang Dahua Technology of illegally operating in Taiwan and poaching tech talent.
- Efforts to Stop Illegal Activities: Taiwan is intensifying efforts to prevent what it perceives as underhand and illegal activities by Chinese firms aimed at stealing technology and talent.
- Luxshare and Zhejiang Dahua's Actions: Luxshare was accused of poaching high-tech talents, while Zhejiang Dahua set up operations in Taiwan and tried to evade investigation by disguising its employees' affiliations.
- Taiwan's Response to Threats: Taiwan views China's actions as a threat to its chip expertise, particularly in the semiconductor industry where it plays a significant role.
- Enforcement Measures: The Ministry of Justice Investigation Bureau in Taiwan vows to crack down on illegal business operations and talent poaching by Chinese companies, following recent investigations into suspected illegal activities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
