U.S. Charges Chinese Wind Company With Stealing Trade Secrets

Msc.oLOS ANGELES (Reuters) - Chinese wind turbine maker Sinovel Wind Group Co and two of its employees were charged with stealing trade secrets from U.S.-based AMSC by the Department of Justice (DoJ) on Thursday. A federal grand jury in the Western District of Wisconsin returned an indictment leveling theft charges on Sinovel, two of its employees and a former employee of AMSC, a Devens, Massachusetts-based company that provided wind turbine design, engineering services and power electronics and controls to Sinovel. Authorities said the theft allegedly cost AMSC $800 million. ...

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