FBI Director Christopher Wray told a conference the bureau currently had about 1,000 open investigations of Chinese technology theft across its 56 regional offices. Wray said China was aggressively exploiting U.S. academic openness to steal technology
FILE PHOTO: U.S. Attorney General William Barr arrives for U.S. President Donald Trump's State of the Union address to a joint session of the U.S. Congress in the House Chamber of the U.S. Capitol in Washington, U.S. February 4, 2020. REUTERS/Leah Millis/POOL
“Putting our large market and financial muscle behind one or both of these firms would make it a far more formidable competitor and eliminate concerns over its staying power, or their staying power,” Barr said. U.S. government investments in public companies are rare except in the case of bailouts to save ailing firms and jobs, and such investments in foreign companies are even rarer.
At the same CSIS event, FBI Director Christopher Wray said Beijing was seeking to steal American technology by “any means necessary.”
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