💨 Abstract

The U.S. Commerce Department is expected to impose significant fines on large companies in the coming months for export control violations, particularly with China. Matthew Axelrod, a former assistant secretary for export enforcement, signed off on a $300 million penalty on Seagate Technology in 2023 for shipping hardware to Huawei. Investigations involving Santa Clara-based Applied Materials and San Jose-based Cadence Design Systems are ongoing.

Courtesy: theprint.in

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