Huawei executive reportedly accused of stealing trade secrets from microchip company backed by Microsoft and Dell


CNEX, a microchip company backed by Microsoft MSFT and Dell DELL , has filed new allegations in a Texas lawsuit accusing Chinese tech giant Huawei and one of its executives of stealing trade secrets, according to The Wall Street Journal.

It's the latest filing in a suit set to go to trial June 3. CNEX claims that Huawei spent years trying to steal its data storage secrets, while Huawei has countered with its own suit, filed earlier this month, alleging CNEX is the one that's been engaged in theft of trade secrets. Both companies have denied wrongdoing.

A Huawei spokesman declined to comment on the new filing.

The case comes as Huawei finds itself at the center of controversy in the U.S. The company, which makes computer networking equipment, is now subject to a "blacklisting" ban by the Trump administration, and faces criminal actions , including a federal trade secrets case in the state of Washington and allegations of fraud against its CFO, who is currently awaiting an extradition hearing in Vancouver.

CNEX has alleged that a Huawei deputy chairman, Eric Xu, directed an employee to pose as a potential customer and submit a report on his findings in order to obtain trade secrets for the company's chip research and development department, according to the Journal .

CNEX also claims Huawei had ties with China's Xiamen University, and misappropriated trade secrets through that relationship, the paper said.

This is a developing story, check back for details.


More Related News

Trump: China needs to reach a trade deal more than he does
Trump: China needs to reach a trade deal more than he does

President Donald Trump said Wednesday that he's under little pressure to reach a trade deal with China when he meets late this week with President Xi Jinping and is prepared to impose further tariffs on Chinese imports. The president has threatened to impose tariffs on an additional $300 billion in Chinese imports - on top of the $250 billion in goods he's already taxed - a move that would extend his import taxes to virtually everything China ships to the United States.

U.S. Companies Find Legal Ways Around Trump
U.S. Companies Find Legal Ways Around Trump's Huawei Blacklist

(Bloomberg) -- American technology companies have resumed selling certain products to Huawei Technologies Co. after concluding there are legal ways to work with the Chinese telecom giant in spite of its inclusion on a Trump Administration blacklist.Micron Technology Inc., the largest U.S. maker of computer

Bill Gates reveals his greatest mistake
Bill Gates reveals his greatest mistake

During a "fireside chat" with the venture capital firm Village Global, Bill Gates got extremely candid about what he considers his "greatest mistake ever" while running Microsoft.Apparently, Gates regrets letting Google become the dominant non-Apple mobile operating system. He explained that, at the time, the market had room for just one Apple alternative, and Microsoft should have been poised to produce that system. However, Gates said he engaged in "mismanagement," that led to Microsoft not competing hard enough, and letting Google "win." "In the software world, particularly for platforms, these are winner-take-all markets," Gates said....

Microsoft to launch a foldable Surface tablet with native Android app support
Microsoft to launch a foldable Surface tablet with native Android app support

Long before the Galaxy Fold was unveiled, we kept hearing rumors that Microsoft was working on a foldable device of its own, a pocketable Surface Phone-like gadget that would run a special version of Windows 10. More recently, we heard that Microsoft has shown off a dual-screen Surface device behind closed doors, which means the company appears to be going forward with this project. A new rumor now tells us exactly what to expect from this folding Surface device in terms of specs, revealing that Microsoft plans to have Android apps run natively on the new Windows machine.The foldable Surface tablet will pack a 9-inch display with a 4:3 aspect ratio, according to IHS Markit's Jeff Lin. He...

China says US-China trade teams in contact ahead of G-20
China says US-China trade teams in contact ahead of G-20
  • World
  • 2019-06-24 11:52:19Z

Chinese and U.S. trade negotiators are discussing ways to resolve disputes ahead of a meeting between Presidents Donald Trump and Xi Jinping at the G-20 summit in Japan later this week, a Chinese official said Monday. The sides were seeking to "consolidate the important consensus reached between

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply


Top News: Economy

Hit "Like"
Don't miss any important news
Thanks, you don't need to show me this anymore.