U.S. Hits Huawei With New Federal Charges

The transcript discusses an indictment against Huawei, accusing the company of racketeering, conspiracy to steal trade secrets, and doing business with sanctioned countries like Iran and North Korea. Huawei allegedly offered bonuses for obtaining competitors' confidential information and installed surveillance equipment in Iran. The company faces multiple criminal charges in the US, including money laundering and bank fraud. Despite a ban on federal agencies using Huawei products, the company denies the charges, claiming they are driven by competition rather than law enforcement.

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