The hits keep coming for Huawei. U.S. prosecutors have filed criminal charges against Chinese tech firm Huawei. Washington unsealed two indictments, one of which accuses CFO Meng Wanzhou, detained by Canadian authorities last month, and the company of selling U.S. technology to Iran, and another which accuses Huawei of stealing cellphone testing technology from T-Mobile. The director of the FBI said, “Huawei and its senior executives repeatedly refused to respect the laws of the United States and standard international business practices.” A spokesperson for China’s Foreign Ministry said the charges were unreasonable and politically motivated. The acting U.S. attorney general said the government would follow up with an extradition request for Meng by the Jan. 30 deadline.
China manages the trade war. Meanwhile, a Financial Times report indicates that the trade war with the U.S. will force Chinese chipmaker Fujian Jinhua to stop production by March. Additional reports suggest t