The world’s largest Bitcoin mining company, Bitmain, is under investigation by the Taiwanese government due to some suspicious acts. The government believes that the China-based firm is illegally poaching engineers within the region. According to authorities, the mining rig manufacturer did the poaching to hasten the development of some Artificial Intelligent chips.
This accusation might significantly affect Bitmain technologies as it’s the face of Bitcoin mining in different regions globally. The Taiwanese government explained that they have been investigating the act and launched a probe in some region’s locations. The nation shared that New Taipei city and Hsinchu were the prominent locations where some individuals and engineers might be linked to the illegal activities.
Taiwan investigated Bitmain’s activities
Hsinchu is a place well-known to industries as it boasts of being the arena for the world’s semiconductor industry and the location where the nation’s Semiconductor Manufacturing Company, known as TSMC. The company is the globe’s biggest chip maker, making it an excellent location for the investigation to begin.
The government arrived at some conclusion, as it believes that Bitmain built a firm in Beijing and then persuaded a top engineer to take the chairman position. After the said man took the position, Taiwan believes that Bitmain coerced him to encourage his colleagues to join the firm.
The investigation also seems to find out that the mining firm established two new firms called IC Link and WiseCore within the region to focus strictly on making artificial intelligence chips. One of the cities where the investigation took place, New Taipei, had authorities take evidence such as employee information from the two newly established AI chips-focused companies.
The authorities concluded that Bitmain had been illegally luring talents from other firms to work for them, and the prosecutors believe that these activities are dated back to 2018. The nation believes that Bitmain was poaching other firm’s employees to accelerate its development of the AI chips.
Other firms breach Taiwan’s bilateral agreement
If the investigation turns out correct, Bitmain might be in serious legal trouble as it stands against the existing agreement between China and Taiwan. Taiwan’s governments banned China residents from investing in some Taiwanese industries as they believe it is crucial to their nation’s security.
Unfortunately, the chip-making Industry is part of the barred sectors, and Bitmain would need approval from the region before engaging in the activity within its region. According to reports, Bitmain had not acquired a license or government approval before moving into the sector.
According to Taiwan, Bitmain is not the only Chinese firm breaching this agreement as the nation concluded that other firms are also luring talents for Taiwan to work for them. This might cause some issues between the two Asian nations as Taiwan continues to investigate concerning other industries working against the two countries’ agreement.
One of the country’s officials explained that some of the investigated industries were found producing chips, but they did not register as chip-producing firms, which is against the nation’s laws.
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