Bosch Agrees to Pay $36M as DOJ Declines Prosecution in Export Case
Bosch will forfeit $11.4 million in profits after self-disclosing exports of sensor products and software to Huawei, officials said.
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10 Articles
Bosch is paying a million penalty to the US for deliveries to the Chinese technology group Huawei. The Stuttgart-based company has agreed to pay 36 million dollars (around 31 million euros), the US Department of Commerce announced. Between 2020 and 2024, two foreign subsidiaries of Bosch are said to have delivered more than 100 cases of sensors and software for mobile phones worth more than 70 million dollars without a required license to Huawei…
The Chinese company Huawei is on a black list of the USA. Bosch had supplied sensors and software to him and now pays him 36 million US dollars in penalty.
Bosch to pay $36 million penalty for $72 million in ‘illicit’ sales to Huawei — German company sold export-controlled goods and software to banned Chinese firm between 2020 and 2024
The U.S. fined Bosch $36 million for selling export-controlled product to Huawei, including software and MEMS sensors. The German company agreed to pay the penalty, as well as disgorging part of the profits it made from the 'illicit' sales.
Huawei shipments cost Bosch $36M
German technology giant Bosch settled a case with the US Department of Commerce for supplying $72 million-worth of sensor products and software subject to export restrictions to Huawei. The products falling foul of US rules were Micro-Electro-Mechanical Systems (MEMS) sensors used in smartphones, wearables and vehicles, along with automotive software. Announcing the $36.2 million settlement, the US department’s Bureau of Industry and Security (B…
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