Business Training

Huawei Hit With New Charges; CFO Named as Defendant

U.S. prosecutors have charged the Chinese tech giant Huawei with racketeering and conspiracy to steal trade techniques.

The a few new allegations, which increase to previously rates the corporation engaged in financial institution fraud and violated U.S. sanctions versus Iran, had been unsealed Thursday by a U.S. District Court in New York.

Prosecutors cited Huawei’s, “long-working exercise of applying fraud and deception to misappropriate subtle technologies from U.S. counterparts.”

Huawei Chief Money Officer Meng Wanzhou, the daughter of Huawei founder Ren Zhengfei, is named as a defendant in the case. Canada is identifying whether or not to look for extradition

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Business Management

U.S. Officials Say Huawei Can Covertly Access Telecom Networks

U.S. officers say Huawei Systems Co. can covertly accessibility mobile-cellphone networks about the entire world by way of “back doors” developed for use by regulation enforcement, as Washington tries to persuade allies to exclude the Chinese organization from their networks.

Intelligence displays Huawei has experienced this key functionality for more than a decade, U.S. officers claimed. Huawei turned down the allegations.


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