US prosecutors filed criminal charges against Huawei, China’s largest technology company, alleging it stole trade secrets from an American rival and committed bank fraud by violating sanctions against doing business with Iran.
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The US has indicated it will pursue the extradition of a top Huawei executive, Canada’s ambassador to Washington said, suggesting the case might not be resolved in trade talks with China.
US authorities are investigating the Chinese technology giant for allegedly stealing trade secrets from US partner companies like T-Mobile US, according to people familiar with the matter.
An investigation by federal authorities into the possible theft of trade secrets by Huawei could give even more weight to a US campaign against the Chinese company.
Ren Zhengfei, the billionaire founder of Huawei Technologies, broke a years-long silence as his technology empire faces its biggest crisis over three decades of existence.
The fast-rising Chinese company has demoted and cut the pay of two employees held responsible for a New Year’s greeting tweeted from Huawei’s official account and sent with an iPhone.
US President Donald Trump thinks he might boost a China trade deal if he stops prosecutors from extraditing a Huawei executive, but he risks undermining the US justice system.
US President Donald Trump has said he would intervene in US efforts to extradite Huawei executive Meng Wanzhou if it helped him win a trade deal with China.
Huawei chief financial officer Meng Wanzhou was granted bail by a Canadian court, allowing the executive to stay in her Vancouver home as she awaits a possible extradition to the US over fraud charges.
The arrest last week in Canada of Meng Wanzhou, the chief financial officer of Huawei Technologies, China’s iconic company, is a watershed event.