Fujian Jinhua Integrated Circuit is a self-proclaimed national leader in China’s tech industry.
On Thursday, Fujian Jinhua Integrated Circuit Co Ltd, a Chinese chipmaker pleaded not guilty to U.S. allegations that it stole trade secrets.
In October 2018, U.S. authorities added, Fujian Jinhua to the list of entities that cannot purchase components, technology or software from any U.S. firms.
In November 2018, the U.S. Justice Department announcing an indictment against Chinese state-owned Fujian Jinhua and Taiwan-based United Microelectronics Corp of stealing stealing intellectual property from U.S.-based Micron Technology Inc.
Following this indictment, Chinese officials took the matter to the World Trade Organization (WTO) stating that the U.S. decision broke WTO trade rules and was aimed at protecting a U.S. monopoly.
In a statement posted on its website, Fujian Jinhua said, it would work towards getting itself removed from the U.S. export control entity list; it has also hired lobbyists and legal advisors to help its case.
The U.S. action has thrown Fujian Jinhua’s ambition in jeopardy, as the firm had billed itself as a national leader in the tech industry.
The indictment was originally filed under seal in September by the U.S. district court of the Northern District of California.