logo
AOS settles with US over unauthorised shipments to China's Huawei

AOS settles with US over unauthorised shipments to China's Huawei

Time of Indiaa day ago
By Karen Freifeld
Alpha and Omega Semiconductor
(AOS) has agreed to pay $4.25 million to settle with the U.S.
Department of Commerce
for shipping items to China's
Huawei
Technologies in violation of export regulations, according to a department order posted on Wednesday.
AOS engaged in prohibited conduct by forwarding 1,650 power controllers, smart power stages and related accessories to Huawei without authorisation in 2019, the year Huawei was added to a restricted U.S. trade list, the order said.
Though the items were foreign-designed and produced, the order said, they were subject to export control regulations because AOS exported them from the United States. Suppliers to companies on the restricted trade list, known as the Entity List, are required to obtain licenses.
"This resolution does not impact AOS's ongoing business operations and brings to an end the U.S. government's five-year-plus investigation," the company said. "AOS is pleased to bring this matter to a close with only limited administrative export control charges."
U.S. authorities have been investigating AOS' transactions with Huawei since 2019, the company said in an SEC filing earlier this year. In January 2024 the Justice Department closed its investigation without charges, the filing said, but a civil investigation by the Commerce Department was ongoing.
On April 16, 2025, AOS said it received a letter from Commerce alleging violations of export control regulations, and the company met to discuss a possible resolution.
AOS, which is headquartered in Sunnyvale, California, operates in both the United States and Asia. It has a wafer fabrication facility in Hillsboro, Oregon.
In 2020, the United States added to Huawei's Entity listing to expand its authority to stop shipments of foreign-produced items to Huawei.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

India-US trade deal: 'Don't make deals based on deadlines, national interest paramount', says Piyush Goyal as Donald Trump's tariff date nears
India-US trade deal: 'Don't make deals based on deadlines, national interest paramount', says Piyush Goyal as Donald Trump's tariff date nears

Time of India

time5 hours ago

  • Time of India

India-US trade deal: 'Don't make deals based on deadlines, national interest paramount', says Piyush Goyal as Donald Trump's tariff date nears

India-US trade deal: A delegation from India has returned from Washington following discussions. (AI image) India-US trade deal: Commerce Minister Piyush Goyal on Friday made it clear that any trade deal with America would only happen when it is a win-win situation for both the countries. Asked about US President Donald Trump's July 9 deadline, Goyal said India does not do trade deals with deadlines in mind. Goyal's comments assume significance at a time when both India and the US are looking to finalise an interim trade deal before next week. 'India never makes a trade deal based on a deadline or timeline; when the deal is good, fully matured, and in the national interest, then we accept it,' he said. 'India discusses on its own terms, discussions are ongoing with various countries. Whether it is the European Union, New Zealand, Oman, the United States, Chile, or Peru, negotiations for agreements are underway with many countries,' Goyal said. 'A free trade agreement happens only when there is mutual benefit. When the deal is made while safeguarding India's interests, keeping in mind that national interest will always remain paramount, then India is always ready to make deals with developed countries,' he added. Also Read | 'Reserve the right to suspend...': Amidst trade deal talks, India proposes retaliatory duties against US at WTO; here's what the issue is about India-US Trade Deal Status A delegation from India has returned from Washington following discussions about the interim trade agreement, which is expected to be concluded before July 9. However, negotiations are ongoing as certain matters in agriculture and automotive sectors require further resolution, an official told PTI. The Indian delegation conducted negotiations in Washington regarding an interim trade agreement with the United States from June 26 - July 2. The delegation was headed by chief negotiator and special secretary in the commerce department, Rajesh Agrawal. The official indicated that negotiations are in their final stages, with an announcement anticipated before July 9, coinciding with the conclusion of the 90-day suspension period of Donald Trump-era tariffs affecting various countries, including India. The official said: "Indian team is back from Washington. Negotiations will continue. There are certain issues which need to be resolved in agriculture and auto sectors." What India & US Want The United States implemented an additional 26 per cent reciprocal tariff on Indian products on April 2, though it was suspended for 90 days. The baseline 10 per cent American tariff continues to be effective. India seeks complete relief from the supplementary 26 per cent duty. India's requests include duty concessions for its labour-intensive industries, encompassing textiles, gems and jewellery, leather products, garments, plastics, chemicals, shrimp, oil seeds, grapes and bananas within the suggested trade agreement. In the agricultural domain, the United States seeks reduced duties on products including dairy items, apples, tree nuts, and genetically modified crops. Given the political sensitivities surrounding agriculture, India faces significant obstacles in offering any duty reductions in this sector. The dairy sector in India remains protected, with no concessions granted to any trading partners in existing free trade agreements. Also Read | India-US trade deal: What's the deadlock about? Top issues blocking agreement as Donald Trump's 26% tariff deadline looms India has strengthened its stance against providing duty concessions for American agricultural and dairy products. The United States is requesting duty reductions on specific industrial products, including automobiles (particularly electric vehicles), wines and petrochemical items. Both nations aim to finalise discussions for the initial phase of the proposed bilateral trade agreement (BTA) by fall (September-October) this year. The agreement targets increasing bilateral trade to $500 billion by 2030, up from the present $191 billion. An interim trade agreement is being pursued before the first tranche. The American delegation visited for negotiations last month. India's merchandise exports to the United States increased by 21.78 per cent to $17.25 billion during April-May this fiscal, whilst imports grew by 25.8 per cent to $8.87 billion. Also Read | Donald Trump's tariff wars: US announces trade deal with Vietnam; is India next? Why China should be worried Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

India proposes retaliatory duties against US's auto tariffs at WTO
India proposes retaliatory duties against US's auto tariffs at WTO

Business Standard

time6 hours ago

  • Business Standard

India proposes retaliatory duties against US's auto tariffs at WTO

India on Friday proposed retaliatory duties at the World Trade Organisation (WTO) against the tariffs imposed by the United States (US) on automobiles and certain auto parts, even as both nations are close to finalising an interim trade agreement. 'The proposed suspension of concessions or other obligations would take the form of an increase in tariffs on selected products originating in the United States. Without prejudice to the effective exercise of its right to suspend substantially equivalent obligations referred to in Article 8.2, AoS, India reserves its right to suspend concessions or other obligations after the expiration of thirty days from the date of this notification,' according to a WTO notification. India further stated that the safeguard measures will impact $2.895 billion worth of Indian-origin auto product exports annually, with duties totalling $723.75 million. Therefore, India plans to suspend trade concessions of equivalent value in response. Last month, India submitted a formal notification to the WTO under the Agreement on Safeguards, informing the multilateral trade body of its intention to suspend concessions under the agreement in response to tariffs imposed by the US on steel, aluminium, and their derivative products. India's position is that the US tariffs—imposed under Section 232 of the US Trade Expansion Act of 1962—amount to safeguard measures under WTO rules, entitling India to withdraw equivalent concessions. Currently, all eyes are on the announcement of the interim trade deal between both nations, as the 90-day pause on the US's plan to impose country-specific reciprocal tariffs ends on 9 July. Both sides are aiming to finalise an 'early tranche' or the first part of a broader bilateral trade agreement (BTA), which was announced by Prime Minister Narendra Modi and US President Donald Trump in February.

Ambiq Micro files for US IPO as generative AI fuels chip demand
Ambiq Micro files for US IPO as generative AI fuels chip demand

Time of India

time14 hours ago

  • Time of India

Ambiq Micro files for US IPO as generative AI fuels chip demand

Chip designer Ambiq Micro on Thursday reported a 16.1% rise in 2024 net sales in its filing for a U.S. initial public offering, as growing demand for generative AI fuels spending on semiconductor technology. Strong investor demand for AI-focused tech stocks is helping revive the IPO market, as investors warm again to high-growth tech startups they had largely avoided for nearly three years. The Austin, Texas-based company disclosed a net loss of $39.7 million in 2024, narrowing from a loss of $50.3 million in the previous year. Net sales climbed 16.1% to $76.1 million in 2024. "Even though the company has had strong sales growth in the past years with large customers like Google and Huawei, Ambiq is exposed to high customer concentration risk by relying on a few large players," said IPOX research associate Lukas Muehlbauer. Proceeds from the IPO will be used for general corporate purposes, including working capital, sales and marketing activities, and product development. Analysts expect companies tied to the AI boom to drive the next wave of technology listings, fueled by expectations of rapid growth as businesses adopt more generative AI applications. The company said it will list on the NYSE under the symbol "AMBQ", joining a wave of chip design firms that are central to the AI boom, as processors driving the demand for faster and more efficient computing. Founded in 2010, Ambiq Micro provides ultra-low-power semiconductor solutions, targeting the power consumption challenges of general-purpose and AI computing. Ambiq Micro is targeting "AI at the edge" niche with its ultra-low-power chips said to cut power use by 2-5 times, giving it an edge in fast-growing wearables market, said Muehlbauer. Most AI computing uses vast amounts of electricity, driving demand for energy-efficient chips and a shift towards lower-power designs. BofA Securities and UBS are the lead underwriters for the offering.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store