An American Company, NeoPhotonics, Morph’s into a Chinese Company
It was well publicized during the election that Rick Snyder moved Gateway Computer’s manufacturing to China along with thousands of jobs but those were today’s jobs. He has also given China technology, developed by American companies and Universities that will give China the edge to compete for tomorrow’s jobs and is helping China build a superpower military.
Rick Snyder’s venture capital company, Ardesta, bought a telecommunications technology company named NeoPhotonics. This company was rich in technology patents but with little manufacturing. Rick Snyder merged this company with one in China, which essentially changed an American Technology Company into a Chinese one. They then became part of an alliance between Chinese telecommunications companies and Sprint/Nextel that proposed to build the next generation telecommunications network for America, which raised national security concerns for many in Congress.
- NeoPhotonics merges with a Chinese company
http://findarticles.com/p/articles/mi_m0EIN/is_2005_July_6/ai_n14713142/
SAN JOSE, Calif. & SHENZHEN, PRC -- NeoPhotonics Corporation of San Jose today announced the completion of their merger with Photon Technology Co., Ltd. of Shenzhen. The new NeoPhotonics expects revenues to exceed $50M in 2005, has more than 1200 employees, primarily in China and the U.S., and has more than 100 customers, many of which are tier one network equipment suppliers.
Photon Technology Co., as China's largest active component manufacturer, has a solid history of continued growth and profitability since its founding in 1993. Combining Photon with NeoPhotonics, the leading developer of integrated component solutions using planar lightwave circuits (PLC), creates a company with the broadest and deepest optical component capability in the industry today. The company's advanced solutions combine active and passive components into products and modules for long-haul, metro and access optical networks.
2. The Chinese company was largely owned by the Chinese government
http://www.inc.com/magazine/20051101/handson-global-entrepreneur.html
Photon's 14 shareholders, including a government agency in Shenzhen that owned about one-third of the company.
- The main customer for NeoPhotonics was the third largest telecommunications company in the world, Huawei.
NeoPhotonics listed Huawei as 53% of its business in 2010 (SEC filing)
http://blog.connectedplanetonline.com/briefingroom/2009/03/19/neophotonics-huawei-confers-top-award-for-product-quality-customer-support-in-2008/
4. Senators raise concern about Huawei-Sprint deal
http://www.reuters.com/article/idUSTRE67N47B20100824
By John Poirier
WASHINGTON | Tue Aug 24, 2010 12:30pm EDT
WASHINGTON (Reuters) - A group of U.S. Republican lawmakers have raised national security concerns about China-based Huawei Technologies Co Ltd's bid to supply equipment to Sprint Nextel Corp due to the company's dealings with Iran and the Chinese military.
The concerns by eight Republican senators focus on whether Treasury Secretary Timothy Geithner and Director of National Intelligence General James Clapper should bar Huawei from doing business with Sprint, which supplies equipment to the U.S. military and law enforcement agencies, according to a letter obtained by Reuters on Tuesday.
"We are concerned that Huawei's position as a supplier of Sprint Nextel could create substantial risk for U.S. companies and possibly undermine U.S. national security," they wrote.
The senators are concerned that Huawei sold communications technology to Saddam Hussein, the Taliban and Iran and its military, the Islamic Revolutionary Guard Corp (IRGC).
They said a Chinese company with a big role in Iran's economy and close ties to the IRGC should not be allowed to do business in the United States.
What they called "most troubling" is that Huawei Chief Executive Officer Ren Zhengfei was a member of China's People's Liberation Army (PLA).
"Huawei has a concerning history," they said.
One of their top concerns is the ability of Western countries to thwart cyber attacks from China and the ability of remote hacking involving Huawei.
"Given China's well documented focus on developing cyber warfare capabilities, Huawei's ties to the PLA have aroused concern in a number of other nations in which it does business," the senators said.
Huawei denied any connection to the Chinese military or government and said it was "disappointed to learn that old mischaracterizations about the company still linger."
5. Sprint Nextel drops Huawei ZTE contracts bids due to security fears http://www.cellular-news.com/story/46298.php
Rick Snyder has repeatedly sold out the interests and the jobs of Americans in favor of the interests of the People’s Republic of China, his friends’ and himself. Rick Snyder is happy to see American scientists funded by the American taxpayer developing industrial and military technology that he can sell to China. It is un-American and not worthy of a governor of a great state like Michigan.