Taiwan accuses Chinese Apple supplier of stealing trade secrets, charges 14 people

Prosecutors in Taiwan on Friday accused a Chinese Apple supplier of stealing commercial secrets from a Taiwanese supplier and poaching its workforce to win orders from the U.S. company, saying it had charged 14 people.

Reuters:

Taiwan has been stepping up efforts to stop what it views as underhand and illegal activities by Chinese firms to steal know-how and poach away talent in what Taipei’s government views as a threat to the island’s tech prowess.
Prosecutors in New Taipei said after a year-and-a-half investigation they had found that China’s Luxshare Precision Industry Co Ltd had targeted Taiwanese competitor Catcher Technology Co Ltd “in order to quickly enter the Apple production chain to win orders”.
Luxshare “lured” Catcher’s China based research and development team with promises of high salaries and stole business secrets from the Taiwanese firm, causing them big losses, the prosecutors said in a statement.
Luxshare was doing this in order to be able to “quickly build factories and mass produce cases for iPhones, iPads and other products”, the statement said… Taipei prosecutors have now charged 14 people in connection with the case for breach of trust and taking commercial secrets for use overseas, they added.

MacDailyNews Take: China stealing trade secrets? Shocking.
In 2019, CNBC surveyed North American CFOs and found that 1 in 5 corporations said China has stolen their IP within the last year.
IP theft is China’s modus operandi.
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