Bosch agreed to pay $36 million to the United States for unauthorized shipments to Huawei. The settlement resolves claims that the German engineering company exported products to the Chinese telecom firm without the required U.S. government authorization.
The Payment Amount
The $36 million will be paid to the U.S. government. The shipments in question were made without proper approval, according to the agreement.
Companies Involved
Bosch is a multinational engineering and technology company headquartered in Germany. Huawei is a Chinese telecommunications equipment maker. The unauthorized shipments went to Huawei.
