Taiwan is cracking down on tech companies hiding their illegal Chinese ownership
- Chinese companies have reportedly hidden their ownership to operate in Taiwan
- They're also poaching Taiwanese workers, paying them up to 10x more
- China is fighting back against US restrictions, but Taiwan wants to protect its own industry
Taiwan has reportedly increased the pressure on Chinese technology companies that are hiding their Chinese ownership as it tried to protect its own semiconductor business.
The country's Ministry of Justice Investigation Bureau (MJIB) has reportedly investigated 166 cases involving suspected illegal Chinese ownership since 2020, resulting in 36 convictions – 33 of which involved in semiconductor research, development or design.
While Taiwanese law doesn't prohibit Chinese companies from operating in Taiwan, they must seek government approval under the Cross-Strait Act, but by obscuring their Chinese ownership they've been looking to circumvent those restrictions.
Chinese companies targeted for operating illegally in Taiwan
Rest of Worldreports many of the Chinese firms in question established...
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