US CHARGES HUAWEI WITH RACKETEERING AND CONSPIRACY TO STEAL TRADE SECRETS

The US Department of Justice has charged today Huawei and four of its subsidiaries with racketeering and conspiracy to steal trade secrets.

The new charges today represent an escalation in the US' legal battle against the Chinese telecommunications giant. The US first charged Huawei and its CFO in January 2019.

Initial charges included money laundering, conspiracy to defraud the US, obstruction of justice, and sanctions violations.

Huawei CFO Wanzhou Meng was arrested on the initial charges last year in Canada. Meng is still fighting her extradition to the US.