A New York man on Tuesday was sentenced to two years in prison for conspiring to steal General Electric Co’s (GE) trade secrets to benefit China, the US Department of Justice said.
Zheng Xiaoqing (鄭小清), 59, of Niskayuna, New York, was convicted of conspiracy to commit economic espionage following a four-week jury trial that ended in March last year, the department said.
US District Judge Mae D’Agostino also sentenced Zheng to pay a US$7,500 fine and serve one year of post-imprisonment supervised release.
US officials have said the Chinese government poses the biggest long-term threat to US economic and national security, and is carrying out unprecedented efforts to steal critical technology from US businesses and researchers.
China denies the allegations.
Zheng was employed at GE Power in Schenectady, New York, as an engineer specializing in turbine sealing technology. He worked at GE from 2008 until the summer of 2018, the department said.
The trial evidence showed Zheng and others in China conspired to steal GE’s trade secrets surrounding its ground-based and aviation-based turbine technologies to benefit China, including China-based companies and universities that research and manufacture parts for turbines, the department added.
“This is a case of textbook economic espionage. Zheng exploited his position of trust, betrayed his employer and conspired with the government of China to steal innovative American technology,” said Assistant Attorney General Matthew Olsen of the department’s National Security Division.
The US had accused the former GE engineer and another Chinese businessman, named Zhang Zhaoxi, in 2019 of stealing secrets and spying on GE to aid China. Zheng had pleaded not guilty at the time.
A US federal court in Cincinnati in November sentenced a Chinese national to 20 years in prison after he was convicted of plotting to steal trade secrets from several US aviation and aerospace companies.
SETBACK: Apple’s India iPhone push has been disrupted after Foxconn recalled hundreds of Chinese engineers, amid Beijing’s attempts to curb tech transfers Apple Inc assembly partner Hon Hai Precision Industry Co (鴻海精密), also known internationally as Foxconn Technology Group (富士康科技集團), has recalled about 300 Chinese engineers from a factory in India, the latest setback for the iPhone maker’s push to rapidly expand in the country. The extraction of Chinese workers from the factory of Yuzhan Technology (India) Private Ltd, a Hon Hai component unit, in southern Tamil Nadu state, is the second such move in a few months. The company has started flying in Taiwanese engineers to replace staff leaving, people familiar with the matter said, asking not to be named, as the
The prices of gasoline and diesel at domestic fuel stations are to rise NT$0.1 and NT$0.4 per liter this week respectively, after international crude oil prices rose last week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) announced yesterday. Effective today, gasoline prices at CPC and Formosa stations are to rise to NT$27.3, NT$28.8 and NT$30.8 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said in separate statements. The price of premium diesel is to rise to NT$26.2 per liter at CPC stations and NT$26 at Formosa pumps, they said. The announcements came after international crude oil prices
A German company is putting used electric vehicle batteries to new use by stacking them into fridge-size units that homes and businesses can use to store their excess solar and wind energy. This week, the company Voltfang — which means “catching volts” — opened its first industrial site in Aachen, Germany, near the Belgian and Dutch borders. With about 100 staff, Voltfang says it is the biggest facility of its kind in Europe in the budding sector of refurbishing lithium-ion batteries. Its CEO David Oudsandji hopes it would help Europe’s biggest economy ween itself off fossil fuels and increasingly rely on climate-friendly renewables. While
SinoPac Financial Holdings Co (永豐金控) is weighing whether to add a life insurance business to its portfolio, but would tread cautiously after completing three acquisitions in quick succession, president Stanley Chu (朱士廷) said yesterday. “We are carefully considering whether life insurance should play a role in SinoPac’s business map,” Chu told reporters ahead of an earnings conference. “Our priority is to ensure the success of the deals we have already made, even though we are tracking some possible targets.” Local media have reported that Mercuries Life Insurance Co (三商美邦人壽), which is seeking buyers amid financial strains, has invited three financial
RSS