Posted on February 14, 2020

U.S. Charges Huawei With Racketeering and Conspiracy to Steal Trade Secrets

UPI, February 13, 2020

U.S. federal prosecutors charged Chinese tech company Huawei and two of its U.S. subsidiaries with racketeering and conspiracy to steal trade secrets on Thursday.

The new charges accuse the company of offering employees bonuses for obtaining confidential information and taking other actions to steal intellectual property from U.S. tech companies for decades, the indictment filed in federal court in Brooklyn states.

Prosecutors said Huawei was able to obtain nonpublic intellectual property about robotics, cellular-antenna technology and internet router source code from at least six U.S. companies, allowing it to cut down on cost and research-and-development time.

Additionally, the indictment states that Huawei shipped goods and services to countries that are subject to U.S. sanctions including Iran and North Korea.