US charges Huawei with racketeering, escalating crackdown on tech giant

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US charges Huawei with racketeering, escalating crackdown on tech giant
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The US government has charged Chinese technology giant Huawei with racketeering and conspiracy to steal trade secrets, escalating the crackdown on the company

A third charge alleges that Huawei engaged in wire fraud to steal intellectual property. The three new allegations supplement more than a dozen other charges already lodged against the company in a case originally unsealed last January. Huawei pleaded not guilty to the initial charges last March.

On Thursday, Huawei accused the US government of seeking to"irrevocably damage Huawei's reputation" for competitive reasons, after the Justice Department announced the additional allegations. "This new indictment is part of the Justice Department's attempt to irrevocably damage Huawei's reputation and its business for reasons related to competition rather than law enforcement," said Huawei.

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