Saad Hasan
The US accuses China of stealing intellectual property from American and Western companies such as the technology behind turbines for windmills.
In the last few years, successive US administrations have imposed restrictions on transfer of know-how of sophisticated products to China, which wants to move beyond its status as the world's contract manufacturer.
What raised the alarm in Washington was China’s rapid capture of the market for 5G network. Shenzhen-based Huawei owns most of the 5G patents and faces a concerted US effort to block its expansion.
Even though SMIC has faced similar accusations of stealing western know-how, the company, founded by Taiwanese industry veteran Richard Chang, has remained at the forefront of making integrated circuits at scale and minimum cost.
Right after it was founded in April 2000, the Shanghai-based company introduced a policy to hire foreign talent. A year after the inauguration, it boasted 1300 employees and 400 of them were expats from the US, Taiwan, Singapore, Japan and South Korea.
“SMIC hired hundreds of TSMC engineers by luring them with very large compensation packages. Whether they stole IP or not cannot be proven,” says Patel.
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(With input from news agency language)
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