'Even though we're small, we fought a hard fight. And we won. That'll send a pretty strong message to Huawei,' says CNEX co-founder Alan Armstrong.
Huawei was "taught a hard lesson" after a federal jury in Texas ruled against the Chinese tech giant in a trade secrets case, Alan Armstrong, co-founder and CEO of U.S. chip designer CNEX Labs, told CNBC on Tuesday.
Yiren Huang, who started CNEX with Armstrong, worked at Huawei immediately before launching the new company. In 2017, Huawei sued the California startup, accusing Huang of breaching an employment contract and misappropriating trade secrets.
CNEX launched in 2013 and possesses a memory-control technology, which Huawei sued for the rights to. CNEX is backed by
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