• Taiwan officers raided ten Chinese companies or their R&D centers suspected of illegally poaching chip engineers and other tech talents, Reuters reports as per the island's Investigation Bureau.

• Taiwan summoned 70 people in a joint crackdown across several cities, ramping up its crusade against illegal poaching by Chinese companies threatening its chip expertise.

• Previously in March, Taiwan, home to chipmaker giant Taiwan Semiconductor Manufacturing Company Ltd (NYSE: TSM), raided eight Chinese companies for similar reasons.

• The Investigation Bureau previously launched investigations into 100 Chinese companies suspected of illegally poaching technology talents.

• Taiwan did not disclose the names of the Chinese companies.

• Taiwanese law prohibits Chinese investment in some parts of the semiconductor supply chain, including chip design. It requires reviews for other areas such as chip packaging.

• Price Action: TSM shares traded higher by 1.01% at $91.32 on the last check Thursday.

See more from Benzinga

• Analysts See Consumer Electronics Get Costlier As Major Chipmakers TSMC, Samsung, Intel Boost Prices

• This Chip Supplier Finds China Struggling With Cutting-Edge Chipmaking Tech Development

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