{"id":3891,"date":"2018-11-01T20:52:09","date_gmt":"2018-11-01T20:52:09","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/us-indictment-accuses-chinese-firm-of-stealing-trade-secrets\/"},"modified":"2018-11-01T20:52:09","modified_gmt":"2018-11-01T20:52:09","slug":"us-indictment-accuses-chinese-firm-of-stealing-trade-secrets","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/us-indictment-accuses-chinese-firm-of-stealing-trade-secrets\/","title":{"rendered":"US indictment accuses Chinese firm of stealing trade secrets"},"content":{"rendered":"\n
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\"USImage copyright<\/span>
\n Getty Images<\/span><\/p>\n

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Image caption<\/span>
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\n Attorney General Jeff Sessions announced a new initiative aimed at countering China’s economic criminal activity
\n <\/span>
\n <\/figcaption><\/figure>\n

The US justice department has indicted three individuals and two companies based in China and Taiwan for allegedly stealing a US company’s trade secrets.<\/p>\n

This is the fourth economic espionage case the department has brought against Chinese-based companies and individuals since September.<\/p>\n

The department has filed a civil suit against the two companies as well. <\/p>\n

China-US trade tensions have erupted in tit-for-tat tariffs between the world’s two biggest economies this year.<\/p>\n

Beijing did not immediately respond to the latest move from Washington on Thursday.<\/p>\n

“Chinese economic espionage against the United States has been increasing,” Attorney General Jeff Sessions said. “And it has been increasing rapidly.”<\/p>\n

The indictment alleges that the companies and the three individuals conspired to steal trade secrets from Micron, a US semiconductor company worth $100bn (\u00a376bn).<\/p>\n

Those secrets were said to involve Idaho-based Micron’s work with dynamic random access memory storage devices. <\/p>\n

Mr Sessions noted during Thursday’s news conference that this was technology that Chinese firms did not have until recently.<\/p>\n

The attorney general described it as a “brazen scheme” to steal and clone technology in order to compete with the US.<\/p>\n

“We are here today to say enough is enough,” Mr Sessions said. “It’s time for China to join the community of lawful nations.”<\/p>\n

One of the companies involved, Fujian Jinhua Integrated Circuit Co, Ltd, is a Chinese state-owned company. <\/p>\n

Last year, Micron sued both Fujian Jinhua and the Taiwanese company United Microelectrics Corp for stealing trade secrets.<\/p>\n

Both companies are also embroiled in a civil lawsuit from the justice department, which seeks to block them from exporting any goods created from these stolen secrets.<\/p>\n

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Image copyright<\/span>
\n AFP<\/span><\/p>\n

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Image caption<\/span>
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\n US President Donald Trump and Chinese President Xi Jinping both began imposing tariffs in September
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The justice department is currently prosecuting five additional cases of economic theft and attempted theft that was meant “for the benefit of the Chinese government”, Mr Sessions said.<\/p>\n

This week, 10 Chinese agents, including two intelligence officers, were indicted for allegedly stealing US data on jetliner turbo fan engines.<\/p>\n

The Trump administration slapped tariffs on $200bn of Chinese imports in September, causing China to retaliate<\/a> with tariffs on $60bn of US goods.<\/p>\n

Mr Trump has also accused China of meddling in US elections because of his efforts to challenge them on trade.<\/p>\n<\/p><\/div>\n


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Source<\/a> by [author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Image copyright Getty Images Image caption Attorney General Jeff Sessions announced a new initiative aimed at countering China’s economic criminal activity The US justice department has indicted three individuals and two companies based in China and Taiwan for allegedly stealing a US company’s trade secrets. This is the fourth economic espionage case the department has … <\/p>\n","protected":false},"author":0,"featured_media":3892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3891","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=3891"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/3892"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=3891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=3891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=3891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}