The Criminal Enterprise Run by Monkeys
Every week, they steal dozens of phones, wallets and other valuables from tourists in broad daylight and exchange them for handsome rewards. It's been going on for decades and nobody's been able to stop it.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
19 minutes ago
- Yahoo
Why TSMC Stock Is Falling Today
Aug 5 - Taiwan's top chipmaker, TSMC (NYSE:TSM), shares dipped nearly 3% on Tuesday after the company found itself in the middle of a serious investigation. The company's internal monitoring caught unusual activity, and now authorities have detained three people, two still with the company and one former employee, for allegedly leaking trade secrets. Warning! GuruFocus has detected 4 Warning Signs with JOBY. The former staffer, reportedly named Chen, and others could face charges under Taiwan's national security laws. TSMC didn't waste time. It launched legal action and took swift disciplinary steps against those involved. The stolen material may be tied to the company's next-gen 2-nanometer chips, some of the most advanced tech in the world. That's a big deal, considering TSMC supplies powerhouses like Nvidia (NASDAQ:NVDA), Apple (NASDAQ:AAPL), and Qualcomm (NASDAQ:QCOM). Meanwhile, Japan's Tokyo Electron has also come under scrutiny, though it's unclear how it's connected. Prosecutors haven't shared many details yet. TSMC says it won't tolerate this kind of behavior, and it's doing everything to protect its IP. With global demand for cutting-edge chips higher than ever, safeguarding technology is more critical than ever. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
TSMC Rocked by Trade Secrets Scandal Tied to Next-Gen AI Chips
Taiwan authorities have arrested six individuals tied to a suspected theft of core chipmaking technology from Taiwan Semiconductor Manufacturing Co. (NYSE:TSM), a company that sits at the very center of the global tech supply chain. The arrests came after TSMC flagged former and current employees who may have illegally accessed sensitive information. Prosecutors searched homes from July 25 to 28, and the investigation now centers on whether any data may have leaked externally. TSMC said it caught the issue early through an internal probe, and has already begun legal and disciplinary action against those involved. Several reports suggest the stakes may be tied to TSMC's upcoming 2-nanometer process node, which is expected to enter mass production later this year. The Nikkei reported that multiple employees were fired for allegedly attempting to extract critical technical details. Meanwhile, Taiwan investigators also searched the local office of Tokyo Electron, a key Japanese supplier. That development adds another layer of complexity, as global players double down on chip R&D just as generative AI demand puts semiconductor capabilities under a microscope. For investors, the timing is hard to ignore. Capital expenditures in chipmaking are pushing past $30 billion annually for giants like TSMC and Samsung (SSNLF), while rivals in ChinaHuawei and SMICare still producing at 7nm. In the U.S., Intel is progressing on more advanced nodes. With companies like Meta and DeepSeek pouring billions into AI infrastructure, TSMC's ability to safeguard its IP may become just as important as delivering next-gen performance. What happens next could ripple across the entire AI supply chain. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Ex-Huawei semiconductor secret thieves sentenced to jail
When you buy through links on our articles, Future and its syndication partners may earn a commission. 14 ex-Huawei workers have been sentenced to jail over secret theft Former engineers went on to work at Wi-Fi chip startup Zunpai Huawei has been on both sides of the IP legal fence A Shanghai court has sentenced 14 former Huawei employees to jail for stealing chip-related business secrets, sending ripples across the industry not just in China but also globally. The employees worked for Zunpai Communication Technology – a startup founded be engineers from HiSilicon, a Huawei unit. The court issued jail terms of up to six years and imposed further financial penalties in a July 28 ruling which landed in Huawei's favor. Shanghai court jails former Huawei engineers over secret stealing After leaving Huawei in 2019, Zhang Kun, a former researcher at HiSilicon, founded Zunpai in 2021 and hired former coworkers. The startup was accused of using proprietary information by Huawei, despite the fact that the company developed Wi-Fi communication chips. According to court documents from August 2023, the Huawei subsidiary requested that the Shanghai Intellectual Property court freeze assets under Zunpai and its subsidiaries valued at 95 million yuan. The court's decision has not been made public online, and Huawei has not made any public remarks regarding the case. According to a South China Morning Post report, the engineers may still have grounds to challenge the decision. More broadly, it reflect a growing commitment in China toward protecting IP, with China's Supreme People's Procuratorate stating that 21,000 people were criminally prosecuted for IP crimes in 2024 alone, including a nine-year sentence for criminal copyright infringement of Lego bricks (via National Law Review). For Huawai, though, it represents a reversal of roles. In 2019, the Shenzhen tech giant was indicted on ten counts of stealing Western technology, attempting to steal secrets, wire fraud, and obstruction of justice. TechRadar Pro has contacted Huawei for a comment, but we did not receive an immediate response. You might also like This huge US router brand could be banned from operating in most of Europe due to patent litigation We've listed the best job sites and best recruitment platforms Check out the best productivity apps
