Latest news with #technologytheft
Yahoo
2 days ago
- Business
- Yahoo
US judge says China's Huawei Technologies must face criminal case for racketeering and other charges
BANGKOK (AP) — A U.S. judge has ruled that China's Huawei Technologies, a leading telecoms equipment company, must face criminal charges in a wide reaching case alleging it stole technology and engaged in racketeering, wire and bank fraud and other crimes. U.S. District Judge Ann Donnelly on Tuesday rejected Huawei's request to dismiss the allegations in a 16-count federal indictment against the company, saying in a 52-page ruling that its arguments were premature. The company did not immediately respond to a request for comment. The U.S. accuses Huawei and some of its subsidiaries of plotting to steal U.S. trade secrets, installing surveillance equipment that enabled Iran to spy on protesters during 2009 anti-government demonstrations in Iran, and of doing business in North Korea despite U.S. sanctions there. During President Donald Trump's first term in office, his administration raised national security concerns and began lobbying Western allies against including Huawei in their wireless, high-speed networks. In its January 2019 indictment, the Justice Department accused Huawei of using a Hong Kong shell company called Skycom to sell equipment to Iran in violation of U.S. sanctions and charged its chief financial officer, Meng Wanzhou, with fraud by misleading the HSBC bank about the company's business dealings in Iran. Meng, the daughter of Huawei's founder, was arrested in Canada in late 2018 on a U.S. extradition request but released in September 2021 in a high-stakes prisoner swap that freed two Canadians held by China and allowed her to return home. Chinese officials have accused the U.S. government of 'economic bullying' and of improperly using national security as a pretext for 'oppressing Chinese companies.' In their motion to dismiss the broad criminal case, among other arguments Huawei's lawyers contended that the U.S. allegations were too vague and some were 'impermissibly extraterritorial," and do not involve domestic wire and bank fraud. The biggest maker of network gear, Huawei struggled to hold onto its market share under sanctions that have blocked its access to most U.S. processor chips and other technology. The limits led it to ramp up its own development of computer chips and other advanced technologies. The company also shifted its focus to the Chinese market and to network technology for hospitals, factories and other industrial customers and other products that would not be affected by U.S. sanctions.
Tahawul Tech
2 days ago
- Business
- Tahawul Tech
Huawei receives criminal charges
Huawei looks to be facing criminal charges in the U.S. which allege the company stole technology from US companies. A district judge in the US state of New York found Huawei engaged in racketeering to expand its brand, stole trade secrets from six companies and committed bank fraud in Iran. The 16-count indictment is related to Huawei's alleged control of Skycom, which is a company based in Hong Kong conducting business in Iran. The judge stated prosecutors satisfactorily alleged Skycom 'operated as Huawei's Iranian subsidiary and ultimately stood to benefit, in a roundabout way' from more than $100 million in transfers through the US financial system, Reuters reported. The vendor pled not guilty and attempted to dismiss 13 of the 16 counts. The news site reported a trial is scheduled for 4 May 2026. The case dates back to 2019 when the US Department of Justice filed criminal charges against China-based Huawei. Company CFO Meng Wanzhou, the daughter of founder Ren Zhengfei, was also charged with bank fraud, wire fraud and conspiracy. The US government dismissed the charges against Wanzhou in 2022 after being held in Canada for nearly three years on fraud charges. Source: Mobile World Live/Reuters Image Credit: Huawei
CTV News
3 days ago
- Business
- CTV News
U.S. judge says China's Huawei Technologies must face criminal case for racketeering and other charges
A customer carries his purchased Huawei product outside a Huawei store after he attended the Huawei new product launch conference in Beijing, on Sept. 25, 2023. (AP Photo/Andy Wong, File) BANGKOK — A U.S. judge has ruled that China's Huawei Technologies, a leading telecoms equipment company, must face criminal charges in a wide reaching case alleging it stole technology and engaged in racketeering, wire and bank fraud and other crimes. U.S. District Judge Ann Donnelly on Tuesday rejected Huawei's request to dismiss the allegations in a 16-count federal indictment against the company, saying in a 52-page ruling that its arguments were premature. The company did not immediately respond to a request for comment. The U.S. accuses Huawei and some of its subsidiaries of plotting to steal U.S. trade secrets, installing surveillance equipment that enabled Iran to spy on protesters during 2009 anti-government demonstrations in Iran, and of doing business in North Korea despite U.S. sanctions there. During U.S. President Donald Trump's first term in office, his administration raised national security concerns and began lobbying Western allies against including Huawei in their wireless, high-speed networks. In its January 2019 indictment, the Justice Department accused Huawei of using a Hong Kong shell company called Skycom to sell equipment to Iran in violation of U.S. sanctions and charged its chief financial officer, Meng Wanzhou, with fraud by misleading the HSBC bank about the company's business dealings in Iran. Meng, the daughter of Huawei's founder, was arrested in Canada in late 2018 on a U.S. extradition request but released in September 2021 in a high-stakes prisoner swap that freed two Canadians held by China and allowed her to return home. Chinese officials have accused the U.S. government of 'economic bullying' and of improperly using national security as a pretext for 'oppressing Chinese companies.' In their motion to dismiss the broad criminal case, among other arguments Huawei's lawyers contended that the U.S. allegations were too vague and some were 'impermissibly extraterritorial," and do not involve domestic wire and bank fraud. The biggest maker of network gear, Huawei struggled to hold onto its market share under sanctions that have blocked its access to most U.S. processor chips and other technology. The limits led it to ramp up its own development of computer chips and other advanced technologies. The company also shifted its focus to the Chinese market and to network technology for hospitals, factories and other industrial customers and other products that would not be affected by U.S. sanctions. Elaine Kurtenbach, The Associated Press
The Independent
3 days ago
- Business
- The Independent
US judge says China's Huawei Technologies must face criminal case for racketeering and other charges
A U.S. judge has ruled that China's Huawei Technologies, a leading telecoms equipment company, must face criminal charges in a wide reaching case alleging it stole technology and engaged in racketeering, wire and bank fraud and other crimes. U.S. District Judge Ann Donnelly on Tuesday rejected Huawei's request to dismiss the allegations in a 16-count federal indictment against the company, saying in a 52-page ruling that its arguments were premature. The company did not immediately respond to a request for comment. The U.S. accuses Huawei and some of its subsidiaries of plotting to steal U.S. trade secrets, installing surveillance equipment that enabled Iran to spy on protesters during 2009 anti-government demonstrations in Iran, and of doing business in North Korea despite U.S. sanctions there. During President Donald Trump's first term in office, his administration raised national security concerns and began lobbying Western allies against including Huawei in their wireless, high-speed networks. In its January 2019 indictment, the Justice Department accused Huawei of using a Hong Kong shell company called Skycom to sell equipment to Iran in violation of U.S. sanctions and charged its chief financial officer, Meng Wanzhou, with fraud by misleading the HSBC bank about the company's business dealings in Iran. Meng, the daughter of Huawei's founder, was arrested in Canada in late 2018 on a U.S. extradition request but released in September 2021 in a high-stakes prisoner swap that freed two Canadians held by China and allowed her to return home. Chinese officials have accused the U.S. government of 'economic bullying' and of improperly using national security as a pretext for 'oppressing Chinese companies.' In their motion to dismiss the broad criminal case, among other arguments Huawei's lawyers contended that the U.S. allegations were too vague and some were 'impermissibly extraterritorial," and do not involve domestic wire and bank fraud. The biggest maker of network gear, Huawei struggled to hold onto its market share under sanctions that have blocked its access to most U.S. processor chips and other technology. The limits led it to ramp up its own development of computer chips and other advanced technologies. The company also shifted its focus to the Chinese market and to network technology for hospitals, factories and other industrial customers and other products that would not be affected by U.S. sanctions.
Bloomberg
05-06-2025
- Business
- Bloomberg
Lutnick Urges Tougher Enforcement of US Export Curbs on China
Commerce Secretary Howard Lutnick called for stepped up enforcement of US export controls to prevent China from stealing critical American technologies that could support Beijing's ambitions n areas like artificial intelligence and aviation. 'They are trying to copy our technology,' Lutnick said Thursday during a House Appropriations subcommittee hearing on the Commerce Department's budget. 'In the race for AI supremacy, they are behind us, but they are working with the central government get us, right, to beat us so that they will have intellectual superiority over us.'
