Bitmain Accused of Illegally Hiring Engineering Talent in Taiwan
Prosecutors claim more than 100 engineers were poached by the bitcoin mining company.
Mar 9, 2021 at 5:54 p.m. UTCUpdated Aug 19, 2021 at 7:52 a.m. UTC
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Beijing-based bitcoin mining giant Bitmain is under investigation by Taiwanese authorities for allegedly hiring more than 100 engineers illegally.
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- Bitmain allegedly lured a senior engineer from Taiwan and asked him to persuade his former colleagues to follow, while setting up two companies in Taiwan as foreign investments to attract additional engineering talent.
- According to a report by Nikkei Asia, engineers were hired at salaries more than twice than those at their previous roles.
- Businesses in mainland China are not allowed to invest in semiconductor companies or branches of those companies in Taiwan, according to the Ministry of Economic Affairs.
- Bitmain did not respond to a request for comment by press time.
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