Taiwan Continues Its Crusade Against Chinese Companies For Alleged Poaching Of Chip Engineers - Taiwan Semiconductor (NYSE:TSM)

Taiwan officers raided ten Chinese companies or their R&D centers suspected of illegally poaching chip engineers and other tech talents, Reuters reports as per the island's Investigation Bureau.
Taiwan summoned 70 people in a joint crackdown across several cities, ramping up its crusade against illegal poaching by Chinese companies threatening its chip expertise.
Previously in March, Taiwan, home to chipmaker giant Taiwan Semiconductor Manufacturing Company Ltd TSM, raided eight Chinese companies for similar reasons.
The Investigation Bureau previously launched investigations into 100 Chinese companies suspected of illegally poaching technology talents.
Taiwan did not disclose the names of the Chinese companies.
Taiwanese law prohibits Chinese investment in some parts of the semiconductor supply chain, including chip design. It requires reviews for other areas such as chip packaging.
Price Action: TSM shares traded higher by 1.01% at $91.32 on the last check Thursday.