- 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.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.