Huawei forced to seek CFIUS clearance on 3Leaf deal

Friday 19 November 2010 | 09:15 CET | News
Huawei Technologies has been asked to secure retroactive clearance for its acquisition of US-based 3Leaf Systems in May, people familiar with the matter told the Wall Street Journal. The Chinese company paid USD 2 million to acquire staff and intellectual property of 3Leaf Systems, which develops technology for making collections of server computers work together like a more powerful machine. Huawei and former 3Leaf executives say they didn't think the acquisition required a review by the Committee on Foreign Investment in the US (CFIUS), because they didn't buy all of the company's assets.

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Categories: Fixed
Companies: Huawei China
Countries: United States
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