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China-Linked Groups Intensify Cyber Attacks on Taiwan’s Semiconductor Sector

Proofpoint says three hacking teams have launched persistent campaigns against 15 to 20 organizations following new U.S. export restrictions on advanced chips.

Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration/File Photo
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Overview

  • Researchers observed Chinese-affiliated hacking groups operating since March and intensifying campaigns through June with evidence of ongoing activity.
  • Campaigns have spanned small and large semiconductor firms as well as financial analysts tracking chip market trends.
  • One group hijacked Taiwanese university email accounts to pose as job applicants and distribute malware-laden PDFs or password-protected archives.
  • Another operation impersonated a fictitious investment firm to entice analysts into collaboration and extract sensitive industry data.
  • China’s embassy denied any role in the cyberattacks and analysts say U.S. export restrictions on advanced semiconductors may be driving the espionage.