Posted on 11/04/2022 4:05:18 AM PDT by FarCenter
TAIPEI/PALO ALTO, U.S. -- China's tech sector is scrambling to snap up experienced engineers from foreign companies that are scaling back operations in the country amid a crackdown by the U.S.
When word got out recently that U.S. chip developer Marvell was laying off hundreds of workers in China, job postings from top Chinese tech companies and local chip companies targeting them went up almost immediately. The companies seeking talent range from tech heavyweights like Alibaba Group Holding and Huawei Technologies to local chip developers.
"Looking forward to seeing resumes from our dear peers from Marvell. Come work with Alibaba Cloud to develop storage-related products," said Zhu Zongpeng, senior engineering specialist at Alibaba, in a post on Maimai, China's version of LinkedIn.
"We welcome any Marvell employees who want to work with us," a human resources manager at the world's top drone maker DJI wrote on professional networking website MaiMai. "I am always online."
Marvell has announced job cuts at its two key research development centers in Chengdu and Shanghai. The California-based company has operated in China for over a decade and the country now accounts for more than 45% of revenue. Its layoffs come just weeks after the U.S. rolled out harsh new restrictions on China's chip sector, including curbs on American citizens working for certain Chinese tech companies.
While Marvell has not elaborated on the reasons for its head count reduction in China, local tech companies and recruiters struggling with extreme labor shortages are hopeful that it represents the start of a trend.
"If more foreign chipmakers decide to cut their workforces, it will be a golden opportunity for local chip developers to snap them up," Hu Yunwang, chip industry veteran and president of Shanghai Key-Team Human Resources Consulting, told Nikkei Asia.
(Excerpt) Read more at asia.nikkei.com ...
Mind my word, China is going to be the top chipmaker in ten years.
Wait til they take over Taiwan and its chip industry.
In ten years China will also have companies competitive with capital equipment suppliers like ASML, Applied Materials, and Tokyo Electron that the US is shutting out of the Chinese market.
They can very well develop their own.
why are they not made here. that’s insane.
One of the problems that has existed since the formation of Silicon Valley is stealing employees.
There has always been a shortage of experienced Material Science Phd, Circuit and VHDL engineers.
Once word got out that a viable startup was hiring, suddenly you would loose 30 very valuable people.
Its been this way since the ‘60s and Fairchild Semiconductor.
I expect that any Chinese citizen that is/was allowed to work for an American company in China, is CCP.
A lot of US manufacturing has been moved to China. Many reasons. All bad for America. It is insane. Started in earnest with Slick Willy in the 90’s. Leftists take care of their own.
We ARE a HIGH TECH nation..lower the damn taxes...
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