Taiwanese spy agency claims computer company acquired by reds

The Taiwanese press is reporting that Mainland China is attempting to get its hands on electronic technology by investing huge sums in local companies. But the allegation, made by the National Security Bureau, has put the wind up Taiwanese computer companies with plants on the mainland. The NSB claimed earlier this week that Beijing sunk $312 million into one of Taiwan's biggest computer companies and now has a controlling stake in the unnamed firm. Further, the NSB claims that Red China wants to undermine share prices in the buildup to elections next year, and destabilise Taiwan's financial interests. However, because the NSB has failed to name the company concerned, many Taiwanese firms with factories across the straits feel their reputations are besmirched. ®