PLEDGE NOW
Here and Now with Robin Young and Jeremy Hobson
Public radio's live
midday news program
With sponsorship from
Mathworks - Accelerating the pace of engineering and science
Accelerating the pace
of engineering and science
Wednesday, April 18, 2012

Massachusetts Firm Turns To Chinese Courts Over Stolen Technology

The Director of the National Security Agency is calling China’s industrial espionage campaign “the greatest transfer of wealth in history.”

And apparently it’s getting worse.

We’ve heard the concern of American businesses who partner with Chinese firms to build things only to find themselves pushed out of the partnership when the Chinese companies steal the American technology that made the building possible.

In March 2011, Massachusetts-based wind turbine designer American Superconductor Corporation lost its biggest customer, Chinese manufacturing partner Sinovel, and two-thirds of its $315 million revenue when Sinovel started using stolen copies of American Superconductor’s technology to make its own turbines, effectively cutting American Superconductor out entirely.

After announcing the loss, American Superconductor’s stock market value decreased by 40 percent in one day and 84 percent by the following September.

American Superconductor is now suing Sinovel in Chinese court for a total of $1.2 billion in damages for breach of contract, copyright infringement, and theft of trade secrets.

In a press release the company writes:

In total, AMSC is seeking to recover from Sinovel more than $1.2 billion for contracted shipments and damages in these cases, which stem from Sinovel’s contractual breaches and AMSC’s discovery of intellectual property theft by Sinovel employees.

Guest:

  • Michael Riley, reporter for Bloomberg

Please follow our community rules when engaging in comment discussion on this site.
Spotlight

Peter O’Dowd follows the route of Abraham Lincoln's funeral train 150 years ago, to look at modern-day race relations and Lincoln's legacy.

Robin and Jeremy

Robin Young and Jeremy Hobson host Here & Now, a live two-hour production of NPR and WBUR Boston.

May 21 5 Comments

YouTube Sensation Publishes Her First Cookbook

Maangchi's career was born when her son suggested she start making videos of herself cooking Korean dishes.

May 21 17 Comments

UC’s Napolitano Speaks Out On High Cost Of Public Ed, Anti-Semitism On Campus

Janet Napolitano talks about a plan to freeze in-state tuition, and campus protests against Israel's occupation of the West Bank.

May 20 Comment

‘Finding The Good’ Through Obituary Writing

Journalist Heather Lende has been writing obituaries in the small town of Haines, Alaska, for 20 years.

May 20 3 Comments

Pandas’ Bamboo Diet May Endanger Them

New research examining the genetics of panda waste shows they would be better suited to eat meat than plants.