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CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

US investigates Huawei for stealing trade secrets

The US is launching aggressive measures against Chinese technology giant, Huawei for allegedly stealing trade secrets.

US investigates Huawei Source: Bloomberg

US federal authorities in Seattle are investigating Huwaei for allegedly stealing trade secrets from US companies.

The investigations are tied to a T-mobile case that was settled in 2017, according to Wall Street Journal sources. A federal jury found Huawei liable for theft of T-Mobile’s robotic technology.
Sources say the investigations have progressed to the stage that an indictment could come shortly, as reported by Wall Street Journal.

Spokespeople for both the US attorney’s office in Seattle and Huawei declined to comment.

Huawei under the pressure over Meng arrest

The US and Europe have put pressure on Huawei amid growing concerns that Beijing could be using technologies for spying, but Huawei has denied the claims.

It comes after the company’s CFO Meng Wanzhou was arrested in Canada in December last year, for allegedly conspiring to defraud banks into clearing transactions linked to Iran in violation of US sanctions.

Meng was released on bail a month ago and is awaiting an extradition hearing to the US.

Investigations tied to Huawei theft from T-mobile.

The US investigations will determine whether Huawei stole information from T-Mobile when one of its engineers visited its lab in Washington.
Sources say the visit was to see a diagnostic robot called “Tappy”.

In a lawsuit in 2014, the jury awarded T-Mobile $4.8 million in damages for breach of contract, after it alleged a Huawei engineer stole one of the robot’s fingertips and put it his laptop bag during the visit.

T-Mobile also claimed Huawei also stole source codes and other trade secrets from other US companies.

Huawei is set to face further restrictions in the US, after lawmakers introduced new bills that would ban the sale of some of the US tech hardware to the Chinese company.

Both Democrats and Republicans put the bills forward on Wednesday, and if passed, could mean the block of the sale of US chips and parts to Chinese telecom companies that have violated US sanctions, which includes Huawei.


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