News Snapshot:
Bitcoin Mining Giant Bitmain Accused of Illegally Hiring Taiwanese Engineers Published 33 mins ago Beijing-based Bitmain gets caught in the China-Taiwan crossfire. Chinese mining hardware manufacturer Bitmain is being investigated by Taiwanese authorities on suspicion of illegally hiring engineers from local firms, according to a report by Apple Daily . Bitmain allegedly set up two separate units in Taiwan, Zhijiao and Xindao, to recruit top talent from big technology companies like MediaTek and ASE to develop artificial intelligence (AI) chips, thus undermining the country’s competitive advantage. Businesses from mainland China are prohibited by law to set up shop in Taiwan...
