PRC China's Nuctech Offices Raided by EU Regulators

Published Apr 25, 2024 15:10 PM

While tensions between US and PRC China entities have become commonplace, one of the PRC's largest security technology companies is facing unprecedented action in Europe.

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In this report, we examine the raid, why it happened, and what it means for Nuctech.

**********

******* ** * ******** ********* ************************ ** ******, *****, *******, *** vehicle ********. ** *** **, *** ******* has******* *** **** ** ****** ********** Value *********. ********* ****, ******* **** **** ******** ******* **** $* ******* ** annual ******* *** *** *,*** ****** employees - *************'* ******* **** ***** ********* $*** ******* *** *,***, ************.

******* *** * ** ******* *********, *** ***********, *** ******.

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EU ********* **** *****, ****** *******

** ***** **, ****,** ************* ********* * **** **** of ******* ********* ****** *** *** *********** **** allegations ** ****-*********** *** ********** *******.

***** ***** ******* ********* **********, ********* *** "*********** ********* ************* granted ** ***-** *********** ** *********." If ********* ********* **** "********** ********** subsidies," *** ** *** "****** ******** to ******* ***** ********** *******" ********* fines ** ****** ********** ** ******.

***** ******* ********* **** **** ************, this ** *** *****-**** **** ** a ******* ***** *** ******* ********* Regulation,********* ** ********.

** ****** *******, *** ** ********* *** raid** * "*********** ************* ****," ****** it **** *** "******** *** ******* of *** *************." *** ** *** released *** ******* ** *** ************* or **** *** **** ** ******** it.

***** *** ********* **** **** ******,******* *********, **** ******** ********* ** similar ********* ************** *** *** **********.

Nuctech **** ** *** **********

******* *** **** ** *** *** government *** ********.

*** ********** *** ** *** ***** ***** by ** *******, *** *** ** *****'* ****** General *********, ** ******. ********* ** ** ******** ** ******** University, * ****** ********** ***** ** Beijing.

** ** ****,**% ** *******'* ********** **** ** ******** ******** **. Ltd., * ******* ***** ******* ***********, the ***** ******** ******* *********** (****), is * *** "*****-*** ****** *** ******* ************" **** ***** ******* ********** *** *********** "******* ******** *******" **** *** cooperation **** *** ******'* ********** ****.

** ******** ** *** ***** ** raid, **** ********** ****** ****** *** "********* ******* *** ************" by *** **'* ******* *** ******* that *** "**** *** ********* ******* prior ****** *** ******* ***** ********."

US *********, *** ***

****** ****** ******* ******** ** ** airports ** ******** ******** ***** *** ******* ********* sensitive ******** ****.

** ****, ************* ** ******** ***** ******* ** its ****** **** *********, ****** *** *******'* "*********** ** activities **** *** ******** ** *** national ******** ********* ** *** ****** States." ************:

*******'* ***** ********** ********* ****** *.*. efforts ** ******* ******* ************* *********** in ******* *** ***** *********** *********. Lower ********** ********* ***** **** ********* cargo *********, ******* *** **** ** proliferation.

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** *********, *** **** ** * "preliminary ************* ****" ***** ** ********* if ***** *** "********** *********** ** the ********* ** ********** ******* *********." If *** ** ***** **** **** evidence **** *****, "** **** **** ** **-***** *************."

*******, *** ****** ** **** ******* likely *** *** ***** ******* *** indicates ******* ******** ** ** *********.

** ********* ******** ** ******* **** is ** ******** ***** ** ** it ******* **** ******* ****** ******* PRC ********** ********* ********* ** *** EU ** ***********.

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