U.S. charges Chinese companies with stealing trade secrets from semi-conductor company – National

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The US has charged corporations in China and Taiwan and three people with stealing commerce secrets and techniques from a U.S. semi-conductor firm, the Justice Division introduced Thursday.


READ MORE:
Donald Trump authorizes probe into China’s alleged theft of American intellectual property

The prosecution comes amid heighted commerce tensions between China and the U.S., and as American officers elevate alarms about the specter of Chinese language financial espionage.

The Justice Division says the defendants, together with a Chinese language-owned firm singled out this week by the Trump administration, focused Idaho-based Micron over a know-how it produces that shops reminiscence in electronics.

The Trump administration this week imposed restrictions on know-how exports to one of many indicted corporations, Fujian Jinhua Built-in Circuit Co.

WATCH: Trump indicators govt motion on commerce with China





The administration has characterised China, together with Russia, as a strategic competitor of the USA. The U.S. has taken an more and more powerful and confrontational stance towards what it characterizes as China’s “predatory” financial insurance policies. Secretary of State Mike Pompeo set the tone in a June speech the place he accused China of an “unprecedented stage of larceny” of mental property.

Tensions over commerce particularly have exacerbated relations between the 2 world powers. U.S. President Donald Trump has slapped tariffs on $250 billion in Chinese language merchandise in an effort to slim the U.S. commerce deficit with China. These steps are additionally motivated by suspicions of China’s plan to rework itself into a worldwide chief in robotics, synthetic intelligence and different know-how industries. China has retaliated with tariff hikes on $110 billion of American merchandise.

The tensions have prolonged into safety points. China has strongly criticized U.S. arms gross sales to Taiwan, and the U.S. has renewed its criticism of Beijing’s island-building within the disputed South China Sea. Trump has opened up a brand new line of criticism in current weeks, accusing China of meddling in U.S. elections however with out presenting substantive proof of interference.


READ MORE:
How China is preparing for a potential trade war with the U.S.

In a tweet Thursday, Trump mentioned he had spoken with China President Xi Jinping. Trump mentioned the 2 talked about many subjects, however largely about commerce.

He mentioned U.S.-China discussions on commerce are “transferring alongside properly” with a gathering being scheduled on the G-20 summit in Argentina, which begins late this month.

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