Skip to content

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

US investigates Huawei for stealing trade secrets

The US is launching aggressive measures against Chinese technology giant, Huawei for allegedly stealing trade secrets.

US investigates Huawei Source: Bloomberg

US federal authorities in Seattle are investigating Huwaei for allegedly stealing trade secrets from US companies.

The investigations are tied to a T-mobile case that was settled in 2017, according to Wall Street Journal sources. A federal jury found Huawei liable for theft of T-Mobile’s robotic technology.
Sources say the investigations have progressed to the stage that an indictment could come shortly, as reported by Wall Street Journal.

Spokespeople for both the US attorney’s office in Seattle and Huawei declined to comment.

Huawei under the pressure over Meng arrest

The US and Europe have put pressure on Huawei amid growing concerns that Beijing could be using technologies for spying, but Huawei has denied the claims.

It comes after the company’s CFO Meng Wanzhou was arrested in Canada in December last year, for allegedly conspiring to defraud banks into clearing transactions linked to Iran in violation of US sanctions.

Meng was released on bail a month ago and is awaiting an extradition hearing to the US.

Investigations tied to Huawei theft from T-mobile.

The US investigations will determine whether Huawei stole information from T-Mobile when one of its engineers visited its lab in Washington.
Sources say the visit was to see a diagnostic robot called “Tappy”.

In a lawsuit in 2014, the jury awarded T-Mobile $4.8 million in damages for breach of contract, after it alleged a Huawei engineer stole one of the robot’s fingertips and put it his laptop bag during the visit.

T-Mobile also claimed Huawei also stole source codes and other trade secrets from other US companies.

Huawei is set to face further restrictions in the US, after lawmakers introduced new bills that would ban the sale of some of the US tech hardware to the Chinese company.

Both Democrats and Republicans put the bills forward on Wednesday, and if passed, could mean the block of the sale of US chips and parts to Chinese telecom companies that have violated US sanctions, which includes Huawei.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

Live prices on most popular markets

  • Equities
  • Indices
  • Forex
  • Commodities


Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Sunday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.


For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.