So-called security concerns over Chinese tech companies' overseas operations are "baseless accusations" and counterproductive to international cooperation in the tech sector: China's Ministry of Commerce pic.twitter.com/kNGb3uje3d— Global Times (@globaltimesnews) January 17, 2019
CNN: China's Huawei reportedly targeted in US criminal probe
New York (CNN Business)US federal prosecutors are reportedly working on a criminal investigation into Chinese telecom equipment giant Huawei.
Investigators are looking into whether the firm stole trade secrets from US business partners, The Wall Street Journal reported Wednesday, citing unnamed sources.
The reported probe would complicate efforts by the US and Chinese governments to reach a deal to end the trade war that has shaken financial markets around the globe. Intellectual property theft is one of the issues at the heart of the dispute between the two economic superpowers, and Huawei has already come under pressure from the US government on other fronts.
The Journal reported that the investigation was spurred in part by civil litigation between Huawei, which makes phones and other telecom equipment, and T-Mobile. T-Mobile (TMUS) had accused Huawei of stealing information related to a robot used for testing mobile phones.
The Journal reported that the criminal probe is at an "advanced stage."
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WNU Editor: The Chinese are not amused by this attention .... China slams Huawei 'hysteria' (DW)
