China's Sinovel Convicted in U.S. of Stealing Trade Secrets
- Conviction threatens to ratchet tensions between countries
- Software code theft sunk U.S. technology company AMSC
Photographer: Chris Ratcliffe/Bloomberg
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A Chinese wind turbine maker’s conviction in Wisconsin over the theft of software code is threatening to ratchet up already tense trade negotiations between the U.S. and China. It also sent the shares of U.S. software maker American Superconductor Corp. surging.
Sinovel Wind Group Co. was found guilty of orchestrating the theft in a rare criminal trade-secrets trial that’s raised doubts over China’s commitment to fighting infringement of intellectual property and corporate espionage.