Judicial authorities yesterday said that they have charged five men who allegedly stole intellectual property from a Tainan nanotechnology company and set up competing nanotechnology plants in China with breaching the Trade Secrets Act (營業秘密法).
The Second Special Police Corp, under the National Police Agency, announced details of the investigation yesterday, saying it is the first investigation and prosecution under the act since it was implemented in 2013.
Police said that they detained three former Hsin Fang Nano Technology Co (新芳奈米科技) employees, including a former plant manager surnamed Chen (陳) and a production section chief surnamed Yu (尤), along with two other business associates.
Photo: Huang Chien-hua, Taipei Times
“The estimated financial loss to our company is about NT$2.6 billion [US$81.08 million]. We urge the government to crack down on intellectual property theft against Taiwanese businesses,” chairman Chang Jen-hung (張仁鴻) said.
Hsin Fang is a grinding mill machine manufacturer, which are used to produce ultra-fine nanopowders for use in pharmaceuticals, cosmetics, consumer electronics, health food, anti-radiation coating, military weapons and in other industrial applications.
Company officials said their nanopowder grinding mill, which incorporates an innovative “dry cryo-nanonization grinding system,” received a top award at a nanotechnology exhibition in Tokyo in 2012, and honors at other industry fairs in Taiwan and other countries.
The investigation in 2014 followed reports that Chen, Yu and other former employees, backed by business associates, started a new company in Yunlin County — Unicat Nano Advanced Materials & Devices Technology Co (環美凱特).
Unicat Nano later moved to Chongqing, China, setting up nanotechnology businesses that, according to investigators, were based on intellectual property stolen from Hsin Fang by Chen, Yu and other former employees.
The Public Security Police Brigade investigation unit last year launched raids to gather evidence at offices, company plants and residences in Yunlin, Tainan and New Taipei City, where they took in suspects for questioning and confiscated computers, files and powder mill machines.
Although the former Hsin Fang employees denied the accusations, prosecutors said they have gathered sufficient evidence and announced the charges against the suspects.
Chang said Hsin Fang’s 15 years of investment in research and development has been wasted because of the theft.
“The government must do something about it, because intellectual property theft will do grave damage to Taiwan’s technology industries,” he said.
Taiwan is projected to lose a working-age population of about 6.67 million people in two waves of retirement in the coming years, as the nation confronts accelerating demographic decline and a shortage of younger workers to take their place, the Ministry of the Interior said. Taiwan experienced its largest baby boom between 1958 and 1966, when the population grew by 3.78 million, followed by a second surge of 2.89 million between 1976 and 1982, ministry data showed. In 2023, the first of those baby boom generations — those born in the late 1950s and early 1960s — began to enter retirement, triggering
ECONOMIC BOOST: Should the more than 23 million people eligible for the NT$10,000 handouts spend them the same way as in 2023, GDP could rise 0.5 percent, an official said Universal cash handouts of NT$10,000 (US$330) are to be disbursed late next month at the earliest — including to permanent residents and foreign residents married to Taiwanese — pending legislative approval, the Ministry of Finance said yesterday. The Executive Yuan yesterday approved the Special Act for Strengthening Economic, Social and National Security Resilience in Response to International Circumstances (因應國際情勢強化經濟社會及民生國安韌性特別條例). The NT$550 billion special budget includes NT$236 billion for the cash handouts, plus an additional NT$20 billion set aside as reserve funds, expected to be used to support industries. Handouts might begin one month after the bill is promulgated and would be completed within
The National Development Council (NDC) yesterday unveiled details of new regulations that ease restrictions on foreigners working or living in Taiwan, as part of a bid to attract skilled workers from abroad. The regulations, which could go into effect in the first quarter of next year, stem from amendments to the Act for the Recruitment and Employment of Foreign Professionals (外國專業人才延攬及僱用法) passed by lawmakers on Aug. 29. Students categorized as “overseas compatriots” would be allowed to stay and work in Taiwan in the two years after their graduation without obtaining additional permits, doing away with the evaluation process that is currently required,
IMPORTANT BACKER: China seeks to expel US influence from the Indo-Pacific region and supplant Washington as the global leader, MAC Minister Chiu Chui-cheng said China is preparing for war to seize Taiwan, Mainland Affairs Council (MAC) Minister Chiu Chui-cheng (邱垂正) said in Washington on Friday, warning that Taiwan’s fall would trigger a regional “domino effect” endangering US security. In a speech titled “Maintaining the Peaceful and Stable Status Quo Across the Taiwan Strait is in Line with the Shared Interests of Taiwan and the United States,” Chiu said Taiwan’s strategic importance is “closely tied” to US interests. Geopolitically, Taiwan sits in a “core position” in the first island chain — an arc stretching from Japan, through Taiwan and the Philippines, to Borneo, which is shared by