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Taiwan has announced strengthening of National Security Act to protect its semiconductor engineers and trade secrets from China

Taiwan has announced strengthening of National Security Act to protect its semiconductor engineers and trade secrets from China
Written by Arindam
Taiwan has announced strengthening of National Security Act to protect its semiconductor engineers and trade secrets from China

Taipei : China Taiwan News, which is dreaming of capturing Taiwan, is trying all kinds of tricks. Chinese President Xi Jinping himself has publicly said that he will integrate Taiwan with the mainland through talks. At the same time, his army chief and many top leaders of the Chinese Communist Party are threatening to annex Taiwan through military action. Amidst all this, it has been revealed that Chinese companies are inviting Taiwanese semiconductor engineers and executives to work on hefty wages by trapping them in their trap. Due to this, the engineers of Taiwan are working for the progress of China even without wanting.

What is Taiwan afraid of?
Taiwan fears that if these top engineers are being taken to China, they will also take some trade secrets with them. This could harm Taiwan’s economy. According to Eric Yi-Hung Chiu, an associate professor of international relations at the National Yang Ming Chiao Tung University in Taipei, semiconductors accounted for around 35 percent of Taiwan’s total exports in 2020. For this reason, China is now offering Taiwanese engineers to work for their country by forming shell companies.

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Taiwan will make strict laws to prevent brain drain
In view of this brain drain, Taiwan’s cabinet had proposed to strengthen the country’s national security law. Its purpose was to prevent the exit of Taiwan’s trade secrets and to impose harsher punishment for anti-national crimes, including economic espionage. Under the proposed amendments, the convicts of such offenses could be jailed for 10 to 12 years. In addition, a fine ranging from $1 million to $3.5 million can also be imposed.

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Millions of fines will be imposed on Chinese companies
The main goal of this amendment is to target Chinese companies that are exploiting Taiwan’s technology and people. In such a case, Taiwanese companies acting as masks for Chinese firms will face fines of up to $860,000. Whereas, Chinese companies operating in Taiwan without authorization can be fined up to $500,000. Not only this, the top executives of these companies can also be jailed for three years.

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Taiwan produces more than half of the world’s semiconductors
Taiwan’s semiconductor manufacturing company TSMC alone produces more than half of the world’s semiconductors. They are used everywhere from smartphones and medical devices to cars and fighter jets. Taiwan’s Prime Minister Su Tseng-chang described semiconductor manufacturing as the country’s lifeline. But now China’s red supply chain is rapidly infiltrating it.

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Arindam

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