The FBI identified China as the biggest law enforcement threat to the U.S., and its director said Beijing was seeking to steal American technology by 'any means necessary'
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. Ericsson declined to comment, while Nokia did not immediately comment. The companies’ shares edged higher after Barr’s comments in European trading.
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.”
China was aggressively exploiting U.S. academic openness to steal technology, using “campus proxies” and establishing “institutes on our campuses,” Wray added.
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