Chinese telecom company fined $50m for conspiring to steal technology from US firm

🇨🇳 The Times of India (CN) —
Chinese telecom company fined $50m for conspiring to steal technology from US firm

AI Summary

Chinese telecom company Hytera has been fined $50 million after pleading guilty to conspiring to steal proprietary digital mobile radio technology from Motorola Solutions. The scheme involved recruiting Motorola employees to extract trade secrets, including source code, to develop competing products at lower cost. Hytera received a five-year probation term in addition to the fine.

A Chinese telecommunications company, Hytera, has been fined $50 million for criminally conspiring to steal proprietary digital mobile radio technology from Motorola Solutions. Hytera recruited Motorola employees to take trade secrets, including source code, to develop competing products at a significantly lower cost. The company pleaded guilty to conspiracy to steal trade secrets and received a five-year probation term.

World Security Politics Markets AI & Tech Hytera Motorola Solutions trade secret theft telecom China corporate espionage digital radio US-China

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