U.S. charges Huawei with racketeering and theft

Source: Politico | February 13, 2020 | Steven Overly

The indicted defendants include Huawei and four subsidiaries, as well as Huawei’s chief financial officer, Meng Wanzhou.

The Justice Department charged Chinese telecommunications giant Huawei with racketeering and stealing trade secrets from U.S. firms over two decades, the agency announced Thursday, opening another front in the Trump administration’s battle against the leading maker of networking equipment.

The indictment accuses Huawei of building its empire on the backs of other companies, including six U.S. firms, by copying intellectual property and then selling it in products around the world. From as early as 2000, the DOJ said the company stole source code for internet routers, misappropriated robotic technology and stole proprietary information about cellular antennas.

In some instances, Huawei leaned on academics to steal trade secrets or provided financial rewards to employees who did its bidding, according to the indictment, which names Huawei and its Chinese subsidiaries, as well as two subsidiaries based in the U.S. Executives then downplayed the extent of the theft or their role in authorizing it when confronted by business partners and law enforcement, the government asserts.

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