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US Charges Huawei With Stealing Trade Secrets

February 14, 2020 / Ishita Chigilli Palli

The U.S. Justice Department has filed new charges against Huawei and several of its subsidiaries, plus its CFO, accusing them of racketeering and engaging in a conspiracy to steal trade secrets from American companies. The new accusations are in addition to previous charges filed against the company and its CFO in January 2019 that included allegations of bank fraud, wire fraud and violations of the International Emergency Economic Powers Act.The new 16-count indictment unsealed Thursday accuses Huawei and four subsidiaries - Huawei Devices, Huawei USA, Futurewei and Skycom - of engaging in a criminal conspiracy to "misappropriate intellectual property, including from six U.S. technology companies, in an effort to grow and operate Huawei's business."