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Bitmain accused of poaching engineers from officials in Taiwan

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Bitmain accused of poaching engineers from officials in Taiwan

Bitcoin miner manufacturer Bitmain is allegedly in warm water Taiwan amid the background of the continuing U.S.-China technology tussle.

Prosecutors at Taiwan have accused Bitmain Technologies of poaching over 100 Taiwanese engineers.

The New Taipei Prosecutors Office claims within the illegal poaching business, the Bitcoin (BTC) mining processor manufacturer allegedly set up shell companies Which Were used for the illegal recruitment, including:

"We found that Bitmain was poaching Taiwanese development and research ability to accelerate its efforts to artificial intelligence processor capacity by illegally putting up businesses in Taiwan. The recently established businesses served a headhunting purpose as well as also the timespan of exactly what Bitmain failed dates back to 2018."
The movement by Taiwanese officials comes as Beijing is allegedly upping the ante in its chip manufacturing market. Really, semiconductors are allegedly going to become a focus thing in the National People's Congress that starts on Mar. 12.

As mentioned previously by Cointelegraph, rising demand for the limited distribution of semiconductors has witnessed Bitcoin miners confronting processor shortages. This scenario has caused a substantial premium on the purchase price of crypto mining equipment both new and secondhand rigs.

Meanwhile, the research to Bitmain's alleged illegal poaching of engineers may veer into problems such as the usage of trade secrets and technologies theft.

Together with semiconductor technology today a significant focus of this financial tussle between China and the USA along with the clear deepening of diplomatic connections between Washington and Taipei, the TSMC is allegedly operating in tandem with leading U.S. tech companies like Apple.

Reports suggest that TSMC and the iPhone maker are researching development and research protocols for another generation two nanometer (2nm) chipsets.

Keywords:
TaiwanBitcoin
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