Chinese telecom equipment maker Huawei is facing new investigations into allegations it stole camera technology for smart phones and engaged in questionable recruitment practices, according to a published report Thursday.
Huawei's troubles come in addition to the company's placement on the commerce department's "entity list," barring it from buying U.S. components, and its trial in an earlier case alleging it stole testing technology, The Wall Street Journal reported.
Federal prosecutors in New York have subpoenaed documents from the company as part of the probe, the paper reported.
Huawei-related stocks ended higher Thursday, amid a broad advance on Wall Street. Among the more notable names of companies that have had significant dealings with Huawei, Seagate Technology shares (STX) - Get Free Report rose $1.80, or 3.81%, to $48.95. Micron Technology shares (MU) - Get Free Report rose $1.53, or 3.55%, to $44.68. And Flex Ltd shares (FLEX) - Get Free Report rose 31.5 cents, or 3.4%, to $9.58.
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