China steals an entire semiconductor company developed by ITRI

WTF. Hestia Power, a car chip company incubated by ITRI, suddenly dissolved and reconstituted themselves in Shanghai. Breaking story.

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ITRI is shady as hell. For years They’ve been trying to copy a material/technology that we use here in Taiwan. They’ve come close to copying one aspect, but it took them a while to grasp that the material is successful due to it being just one part of a system. It was quite enjoyable watching their field tests fail miserably though.

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They (being China) have also recently stolen Alibaba yeah. Or told them to break up the business and sign over the new parts to, well, it’s not a hard guess who’ll really end up with them.