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US charges Chinese tech giant Huawei with bank fraud, stealing intellectual property

The US has charged Chinese mobile producer Huawei on Monday with a number of crimes in two separate cases. One 13-count indictment focuses on alleged attempts to mislead the US authorities in order to conduct business in Iran. Another one alleges that Huawei stole trade secrets from T-Mobile, engaged in wire fraud, and obstructed justice. The case revolves around a technology which mimics human fingers and is used to test smartphones. Huawei has said that the two companies settled their disputes in 2017.