Apple and other tech giants battle Chinese intellectual property theft

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Apple Store
Apple has faced challenges growing its brand in China.
Photo: Apple

Chinese companies copying Silicon Valley tech giants, and thereby infringing on intellectual property rights, is something that has been an issue for years.

It seems that U.S. tech companies are striking back, however, with a trade group that represents companies including Apple, Google, and IBM speaking out against Chinese regulators at an International Trade Commission hearing this week.

Apple Confirms iPhone Trade-In Program Available Nationwide Today

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iPhone 5 Apple Store

Apple has confirmed to CNBC that a new iPhone trade-in program will be available in Apple Stores across the United States today — less than two weeks before the Cupertino company is set to announce the iPhone 5S and iPhone 5C.

Customers will be able to exchange their old Apple smartphone for a gift card, which can then be redeemed against a new device with a new two-year contract.