SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Semi Equipment Analysis
SOXX 296.92+0.1%Dec 1 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: FJB1/28/2019 5:19:35 PM
2 Recommendations

Recommended By
Donald Wennerstrom
Return to Sender

   of 95503
 
U.S. charges China's Huawei with bank fraud, stealing trade secrets


WASHINGTON (Reuters) - The United States on Monday charged China’s Huawei Technologies Co Ltd, its chief financial officer and two affiliates with bank and wire fraud to violate sanctions against Iran in a case that has added to tensions with Beijing.

In a 13-count indictment, the Justice Department said Huawei misled a global bank and U.S. authorities about its relationship with the subsidiaries, Skycom Tech and Huawei Device USA Inc, in order to conduct business in Iran.

In a separate case, the Justice Department also accused Huawei of stealing trade secrets, wire fraud and obstructing justice for allegedly stealing robotic technology from carrier T-Mobile US Inc to test smartphones’ durability.

T-Mobile had accused Huawei of stealing the technology, called “Tappy,” which mimicked human fingers and was used to test smartphones. Huawei has said that the two companies settled their disputes in 2017.

The charges add to pressure on Huawei, the world’s biggest telecommunications equipment maker, from the U.S. government, which is trying to prevent American companies from buying Huawei routers and switches and pressing allies to do the same.

Reporting by Diane Bartz, David Shepardson, Sarah N. Lynch, Karen Freifeld, Chris Bing and Joseph Menn; Editing by Bill Rigby and Lisa Shumaker

Our Standards: The Thomson Reuters Trust Principles.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext