Huawei Technologies loses trade secrets theft case against U.S. chip designer

A U.S. jury on Wednesday cleared California semiconductor designer CNEX Labs Inc of stealing trade secrets from Chinese electronics giant Huawei Technologies.

Huawei had sued CNEX in U.S. District Court, Sherman, Texas, for misappropriation of trade secrets involving a memory control technology and for poaching its employees.

A Huawei spokesman said the company was considering its next steps.