Huawei charged with racketeering.

The U.S. Department of Justice on Thursday unveiled charges against Chinese telecom giant Huawei for allegedly violating the RICO Act, or federal racketeering law.

The superseding indictment also names four official and unofficial subsidiaries, two based in the U.S. Huawei employees allegedly lied about the company's relationship to at least one of these subsidiaries, which the DOJ said had business dealings with Iran and North Korea. The company allegedly misappropriated technology, including IP related to internet router source code, cellular antenna technology and robotics, according to the charges. The DOJ alleges that Huawei conducted a scheme that involved recruiting professors and employees from other technology firms, and offered them financial rewards in exchange for information on nonpublic intellectual property. Huawei did not immediately respond to a request for comment.
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