Haas Automation to Pay Over $2.5 Million in Combined Civil Penalties to BIS and OFAC for Prohibited Transactions, Including with Entities Affiliated with Chinese and Russian Defense Sectors

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WASHINGTON, D.C. — Today, as part of a coordinated enforcement effort, the Department of Commerce’s Bureau of Industry and Security (BIS) and the Department of the Treasury’s Office of Foreign…

Continue ReadingHaas Automation to Pay Over $2.5 Million in Combined Civil Penalties to BIS and OFAC for Prohibited Transactions, Including with Entities Affiliated with Chinese and Russian Defense Sectors

Commerce Strengthens Restrictions on Advanced Computing Semiconductors to Enhance Foundry Due Diligence and Prevent Diversion to PRC

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Updates to Prior Controls on Advanced Semiconductors Provide Additional Safeguards and Guidance for Chip ManufacturersWashington, D.C. – Today, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) released…

Continue ReadingCommerce Strengthens Restrictions on Advanced Computing Semiconductors to Enhance Foundry Due Diligence and Prevent Diversion to PRC