China’s Huawei Technologies faces racketeering trial in New York

NEW YORK (AP) – Huawei Technologies, a leading Chinese tech firm, faces a criminal racketeering trial in New York over charges that it stole technology, plotted to steal U.S.

Key points

• The indictment alleges that, besides stealing trade secrets, Huawei and some of its subsidiaries did business in North Korea despite U.S.
• Huawei's lawyers have tried to obtain the broad criminal case dismissed, arguing in court filings that the U.S.
• Opening statements weren't projected to occur until Wednesday, at the earliest.

What happened

Jury selection began Tuesday afternoon. Opening statements weren't projected to occur until Wednesday, at the earliest.

Notably, the indictment alleges that, besides stealing trade secrets, Huawei and some of its subsidiaries did business in North Korea despite U.S. Sanctions there and installed surveillance equipment that supported Iran spy on protesters during 2009 anti-government demonstrations in Iran.

Huawei's lawyers have tried to obtain the broad criminal case dismissed, arguing in court filings that the U.S. Allegations were too vague and impermissibly tried to extend American authority abroad. The firm stated in an official note that the narrative pushed by U.S. Prosecutors is "demonstrably false."

The bottom line

Taken together, the developments around china's Huawei Technologies faces racketeering trial in New York point to a situation that is still moving, and the coming days should bring more clarity.