Bosch has agreed to pay a $36 million penalty to the U.S. government for selling over $72 million worth of goods and software containing U.S.-origin technology to Huawei. The company's non-U.S. subsidiaries unintentionally made these sales between 2020 and 2024, violating U.S. export control regulations. The U.S. Justice Department suspended its investigation into Bosch due to the company's voluntary disclosure and cooperation, highlighting the benefits of prompt self-reporting and remediation. AI
RANK_REASON Regulatory action against a major company for violating export controls. [lever_c_demoted from significant: ic=1 ai=0.1]
- Applied Materials
- Bosch
- Bureau of Industry and Security (BIS)
- Cadence Design Systems
- David Peters
- Export Administration Regulations
- Huawei
- John A. Eisenberg
- Nvidia
- SMIC
- Supermicro
- U.S.
- U.S. Justice Department (DOJ)
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