Bosch Fined $36 Million by US for Unlicensed Shipments to Huawei
Robert Bosch, the German engineering group, has agreed to pay the United States $36m to settle claims that two of its non-US subsidiaries shipped sensor products and software to China’s Huawei without the required licences. The US Commerce Department announced the settlement on Wednesday. The goods, worth more than $70m, went out on over 100 […] This story continues at The Next Web
German engineering giant Robert Bosch has agreed to pay $36 million to the United States to settle allegations of unlicensed shipments of sensor products and software to China's Huawei. The US Commerce Department announced the settlement on Wednesday, concluding a case involving goods valued at over $70 million. The subsidiaries involved allegedly circumvented export control regulations. This penalty underscores the US government's commitment to enforcing trade restrictions, particularly concerning technology transfers to Chinese companies like Huawei. The settlement highlights the complexities of global supply chains and the importance of regulatory compliance. Bosch's agreement to pay the fine indicates a resolution to the dispute.
Bosch faces a $36 million fine from the US for illegally shipping products to Huawei, highlighting strict export control enforcement.
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