Skip to main content
Black Listed News
Trending Articles:
Trending Articles:

Chinese wind turbine firm found guilty of stealing U.S. secrets

Published: January 25, 2018
Share | Print This


Source: CNN

Beijing-based Sinovel broke the law in its efforts to obtain software developed by the U.S. company, AMSC, to manage the flow of electricity from wind turbines into electrical grids, they said.

"Sinovel nearly destroyed an American company by stealing its intellectual property," Assistant Attorney General John Cronan said in a statement Wednesday following the verdict.

The conviction comes at a sensitive time for business relations between the U.S. and China. President Trump on Monday slapped tariffs on imports of solar panels, a big Chinese industry. His administration is also investigating Chinese practices that result in the illegal transfer of U.S. commercial secrets.

The Chinese company said in a statement that it's "taking measures to protect the company's interests, and will turn to legal means to safeguard the company's legal rights and protect the rights of its minority holders."

Read More...

Share This Article...


Emigrate While You Still Can! Learn more...




SIGN UP TO GET BLACKLISTED NEWS DELIVERED RIGHT TO YOUR INBOX

Enter your email address:





More Blacklisted News...

Blacklisted Radio
Blacklisted Nation
On Patreon
On Twitter
On Reddit
On Facebook
Blacklisted Radio:
Republic Broadcasting
Podcasts on Youtube
Podcasts on Demand
On Iheart Radio
On Spreaker
On Stitcher
On iTunes
On Tunein

Our IP Address:
198.245.55.242

Sponsors:
good
longboard
brands


Why Not Costa Rica!?






BlackListed News 2006-2018