Foreign tech investment rules are a balancing act | FCW

In an April 24 speech at the National Conference on CFIUS (Committee on Foreign Investment in the United States), Deputy Assistant Attorney General Adam Hickey praised legislative and regulatory reforms to the CFIUS process last year designed to expand review of foreign technology investments and connected them to the government’s recent hard-line position on Chinese-fueled economic espionage and theft of trade secrets.

Hickey said that 90 percent of the economic espionage cases pursued by DOJ since 2011 involve China. Additionally, he claimed that since China’s government released a 10-year innovation plan in 2015 that lays out a blueprint for dominating critical technology and manufacturing industries by 2025, DOJ has charged Chinese individuals and entities for stealing trade secrets in eight out of the 10 strategic manufacturing sectors listed in the plan.

Source: Foreign tech investment rules are a balancing act — FCW

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