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online loans 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.”In view of the fact that mainland China is actively attracting Taiwan’s semiconductor talent with high salaries, hi tech talent and technology protection have become an important issue of national economic policy,” the office said in the statement, adding that the Ministry of Justice aims to strengthen investigations into relevant cases.Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China.A total of 19 people were brought in for questioning for allegedly breaching the Act Governing Relations Between the People of the Taiwan Area and the Mainland Area, a law designed to protect the interests of the self ruled island, including those of its hi tech industry. The individuals are being questioned for breaking rules that govern mainland investment into Taiwan’s chip industry, which requires permission from Taiwan’s Investment Commission.Cross strait relations have worsened recently, both in the political and economic arenas, and the latest move by Taipei could be seen as a warning shot to Beijing as it seeks a short cut to achieve its own semiconductor ambitions.The world is dangerously dependent on Taiwan for semiconductorsChina is aware of the importance of local talent cultivation, but the “fastest way to achieve self reliance” in its domestic supply chain is to “vigorously poach talented people from Taiwan”, said Arisa Liu, research fellow at the Taiwan Institute of Economic Research.”Mainland China has the state backed China Integrated Circuit Industry Investment Fund, and plenty of private investment funds,” she said. “Taiwan must be prepared, especially at a time when the supply chain is undergoing a restructuring amid the US China technology rivalry.”In August last year, when China’s Ministry of Science and Technology offered to sponsor visits by 10 Taiwanese scientists as part of an exchange programme, the Taiwanese Mainland Affairs Council described the effort as a tactic to incorporate Taiwan under Beijing.online loans

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