Alpha & Omega Semiconductor Resolves Export Control Investigation with $4.25 Million Settlement

Reuters
Jul 03
Alpha & Omega Semiconductor Resolves Export Control Investigation with $4.25 Million Settlement

Alpha & Omega Semiconductor Ltd. $(AOS)$, a company listed on Nasdaq as AOSL, has announced a resolution with the U.S. Department of Commerce's Bureau of Industry and Security regarding an investigation into its export control practices. The settlement requires AOS to make a one-time payment of $4.25 million to resolve the allegations. The investigation, which lasted over five years, concluded without any criminal charges against the company. AOS has stated that this resolution will not affect its ongoing business operations. The company has emphasized its commitment to regulatory compliance and has strengthened its procedures to ensure adherence to export control regulations. This resolution is seen as a step forward in supporting AOS's strategic growth and expansion efforts.

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