Sessions noted that the China threat has been overshadowed in the press by threats from Russia and terrorism but has grown "more dangerous." "This theft is not just wrong it poses a grave threat to our national security. "Discoveries that took years of work and millions of dollars in investment here in the United States can be stolen by computer hackers or carried out the door by an employee in a matter of minutes," he said. "We will not allow our sovereignty to be disrespected, our intellectual property to be stolen, or our people to be robbed of their hard-earned prosperity," he said. That indictment followed the unprecedented arrest earlier this year of a Chinese Ministry of State Security officer for economic cyber spying. On Tuesday, the Justice Department announced the indictment of two Chinese intelligence officers and five hackers for conducting cyber attacks on American aerospace companies. Sessions, referring to "the communist regime in China which is notorious around the world for intellectual property theft," said Beijing's technology acquisition efforts against American firms too often have been successful and are the main targets of the counter-espionage program. "Those discussions are moving along nicely with meetings being scheduled at the G-20 in Argentina," Trump said referring to a likely meeting with Xi Jinping later this month. Trump said on Twitter Thursday that he spoke by phone with Chinese President Xi Jinping and discussed many topics "with a heavy emphasis on trade."
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The administration has imposed $200 billion in tariffs on Chinese products and is holding out an additional $250 billion in tariffs. The Justice program is part of a multi-pronged Trump administration policy of taking action against China for unfair trade practices and technology theft. The semiconductor technology is a major component of advanced computing that will be central to developing artificial intelligence products for both commercial and military applications. semiconductor technology.Ī federal grand jury in San Francisco indicted Chinese and Taiwanese company and three people for targeting the Idaho-based Micron Technologies, which is leading in development of an advanced semiconductor technology called DRAM–dynamic random-access memory. Just ask GE Aviation, or Trimble, of Sunnyvale, California," he noted.Īs part of the crackdown, the Justice Department announced the indictment for the first time of a state-run Chinese company involved in a plot to steal advanced U.S. "Obviously, that commitment has not been kept. Sessions noted that in 2015, China stated publicly it would not target American companies for economic gain.
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"We are here today to say: enough is enough. "Chinese economic espionage against the United States has been increasing-and it has been increasing rapidly," Sessions said. companies, Attorney General Jeff Sessions on Thursday announced a major initiative to counter multi-billion dollar theft of American technology from Chinese economic espionage. Amid unfulfilled Chinese government promises not to spy on U.S.