A District judge ruled Friday Chinese turbine manufacturer Sinovel Wind Group Co. must pay $59 million in a plot to steal trade secrets from a U.S. rival. In January, a federal court in Wisconsin convicted Sinovel of stealing trade secrets from AMSC and nearly putting it out of business.
In 1957, the Soviet Union launched Sputnik 1, and the U.S. government freaked out. The Sputnik crisis, as it was called, launched the international space race, and the U.S. threw billions of government dollars into aerospace and military projects to keep up with the Soviet Union. A new report by the Atlantic Council claims that now, in 2018, we should be in the middle of another Sputnik crisis, but this time over the possibility that Chinese companies might soon out-tech Silicon Valley and the entire U.S. technology sector.
A Chinese firm has developed a laser gun designed for police use that can set fire to protesters' hair or banners from a range of almost one kilometre. The general manager of the ZKZM fiber laser company, who asked to remain anonymous, said the weapon would "immediately" produce a "strong pain response" in the target but stressed it was designed to be "non-lethal".
Developing a world-class semiconductor industry is a cornerstone of the “Made in China 2025” industrial strategy and numerous technology industry plans. It serves economic development and military modernization agendas. Yet, after years of being blocked from acquiring the capability overseas, the Chinese government appears to be adapting, deploying a “by all means necessary” strategy to achieve self-sufficiency in semiconductor R&D and production.
The US has regained its crown of owning the world’s fastest supercomputer--the machines that can achieve medical and scientific breakthroughs thanks to their enormous processing power--for the first time in six years. But China’s leaving the US in the dust when it comes to their respective shares of the world’s top supercomputers.
Shuren Qin, a permanent resident of the United States living in Massachusetts, was purportedly tasked in 2015 by the Xi'an-based Northwestern Polytechnical University (NWPU) -- which authorities call a "Chinese military research institute" -- to "obtain items used for anti-submarine warfare from the United States."
President Trump on Wednesday declined to impose executive actions to limit investments in American technology from foreign countries such as China, instead deferring to Congress to update the review process. The announcement followed reports earlier in the week that the administration was preparing rules to block China, in particular, from making significant investments in sensitive U.S. technologies.
In documents filed last December in Federal District Court for the Northern District of California, Micron claimed that designs for its memory chips were stolen after rejecting an acquisition and multiple partnership offers from Chinese tech companies. Micron said Taiwanese company UMC and China’s FJICC colluded in the theft of valuable trade secrets.
Peter Navarro, one of Trump's top trade advisors said that the US currently has no plans to impose investment restrictions on any countries, according to a report by CNBC on Tuesday. Navarro’s comments came after news reports that had Wall Street reeling over the prospect that the US could prevent companies that had at least 25% Chinese ownership from buying businesses that possessed "industrially significant technology", the report says.
The U.S. Treasury Department is drafting curbs that would block firms with at least 25 percent Chinese ownership from buying U.S. companies with “industrially significant technology,” a government official briefed on the matter said on Sunday. The official, whose comments matched a report by the Wall Street Journal, emphasized that the Chinese ownership threshold may change before the restrictions are announced on Friday.