China eyes Taiwan's tech secrets with $24B acquisition
Taiwan's Ministry of Economic Affairs (MOEA) is putting the brakes on a big deal: a Chinese company, Suzhou Dongshan Precision, wants to buy Hsinchu-based Source Photonics for about NT$24 billion.
The catch? There are worries this could hand over sensitive tech and give China more control in Taiwan's high-tech sector.
Source Photonics deal could mean transferring advanced chip technology
The MOEA has told Source Photonics they'll be enforcing strict rules for any ownership changes involving Chinese investors.
They're keeping a close eye and have already asked for updated shareholder info.
Since the acquisition could mean transferring advanced 3-nanometer chip technology, lawmakers like Hsu Chih-chieh are urging extra protections—like creating a list of critical technologies to shield from foreign takeovers.
For now, no official application has landed on the MOEA's desk, but all eyes are on what happens next.