China’s Huawei Charged With Racketeering, Stealing Trade Secrets New charges filed by federal prosecutors in Brooklyn amp up the pressure on the telecommunications giant
By Corinne Ramey and Kate O’Keeffe Updated Feb. 13, 2020 6:17 pm ET Huawei Technologies Co. and two of its U.S. subsidiaries were charged with racketeering conspiracy and conspiracy to steal trade secrets in a federal indictment unsealed Thursday, opening another front in the Trump administration’s battle against the Chinese telecommunications firm. The new charges amp up pressure on Huawei from the U.S., where Trump administration officials are fighting to persuade allies to lock the telecommunications giant out of their next generation mobile networks because of national security concerns. The U.S. has long said Huawei could be coerced by Beijing into using its equipment to spy on, or disrupt, foreign networks, which the company denies. The new indictment, filed in federal court in Brooklyn, N.Y., builds on allegations the U.S. leveled in January 2019 accusing Huawei of financial fraud and violating U.S. sanctions on Iran. Federal prosecutors in Brooklyn said the new charges related to a decadeslong effort by Huawei and its subsidiaries, in the U.S. and China, to steal intellectual property, including from six U.S. technology companies. The charges closely track a series of allegations by companies identifiable as Cisco Technology Inc., T-Mobile US Inc., Motorola Inc., and others documented in a Wall Street Journal article last year. Prosecutors said Huawei’s efforts were successful and resulted in the company obtaining nonpublic intellectual property about robotics, cellular-antenna technology and internet-router source code. The alleged thefts allowed the company to cut costs and research-and-development delays, giving it an unfair competitive advantage, according to prosecutors. ... https://www.wsj.com/articles/chinas-huawei-charged-with-racketeering-11581618336 _______________________________________________ Medianews mailing list Medianews@etskywarn.net http://etskywarn.net/mailman/listinfo/medianews_etskywarn.net
