US Supplier Releases Update on Disclosure of Potential Export Violation
U.S. hardware supplier MaxLinear said it submitted a “comprehensive” voluntary self-disclosure to the Bureau of Industry and Security in March detailing its potential illegal exports to a Chinese foundry on the Entity List. The company, which submitted an initial notification to BIS last year (see 2211070014), has since hired outside counsel who recently completed a “privileged investigation” of the potential violation, according to its April filing with the SEC. The company also “took immediate action to remediate, including by preventing recurrence.”
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The March 3 disclosure to BIS includes information on the potential violation “and other potential export control violations for which we have taken actions to remediate the infractions.” MaxLinear said BIS is still reviewing the disclosure “and it is unknown when such review will be completed.”
The SEC filing also touched on BIS’ new semiconductor-related export controls issued in October. MaxLinear said the controls’ foreign direct product rule restrictions cover “one immaterial customer of MaxLinear located in China.”