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.
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Bosch Limited bought Bosch Chassis Systems from Robert Bosch Investment Nederland B.V. and Robert Bosch LLC in a $970 million cash deal. The consolidation in India's auto sector has been…
