Alpha and Omega Semiconductor to pay $4.25 million to settle Huawei export case

Investing.com -- Alpha and Omega (NASDAQ:AOSL) Semiconductor Limited has agreed to pay $4.25 million to settle with the U.S. Department of Commerce over unauthorized shipments to China’s Huawei Technologies, according to a department order posted on Wednesday.

The settlement addresses violations of export regulations that occurred in 2019, when AOS forwarded 1,650 power controllers, smart power stages and related accessories to Huawei. The shipments took place the same year Huawei was added to a restricted U.S. trade list.

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The Commerce Department’s order stated that although the items were foreign designed and produced, they fell under export control regulations because AOS exported them from the United States. Companies supplying to entities on the restricted trade list, known as the Entity List, must obtain proper licenses.

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