China is accused of stealing up to $600 billion worth of intellectual property (IP) from the United States every single year, as stated by official government reports.
On Thursday, we took action against three American corporations for transferring technology to China that was used for military defense as well as other purposes.
According to the United States Department of Commerce, Reporters reported Thursday that three companies, Quicksilver Manufacturing Inc., Rapid Cut LLC, and U.S. Prototype Inc., received blueprints from American companies for satellite, rocket, and defense prototyping but then sent these blueprints to Chinese companies for 3-D printing. These companies are Quicksilver Manufacturing Inc., Rapid Cut LLC, and U.S. Prototype Inc.
Matthew Axelrod, an assistant secretary of commerce for export enforcement, issued a statement in which he warned against the “damage” that could be done to the national security of the United States by contracting out the 3-D printing of prototypes for space and defense systems to China.
Although it may have been more cost-effective for these companies to transmit the technical drawings and blueprints of their clients to China, the collective security of the United States military technology was jeopardized as a result of this decision.