US charges Huawei with bank fraud and stealing trade secrets

Two separate indictments have been announced, escalating tensions between US and Beijing

US announces charges against Chinese tech firm Hauwei
(Image credit: Jerome Favre/Bloomberg via Getty Images)

The United States has formally charged Chinese telecom giant Huawei Technologies with a string of offences, in a move that will likely increase tensions between Washington and Beijing.

Two separate indictments have been announced, one filed in New York and another filed in Washington State, targeting the company and its CFO Meng Wanzhou, who is currently in Canada fighting extradition to the US.

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