Alpha and Omega Semiconductor Limited (AOSL) today announced it has reached a resolution with the U.S. Department of Commerce's Bureau of Industry and Security (BIS) to close its investigation into AOSL's export control practices. The company agreed to make a one-time payment of $4.25 million to resolve the allegations.
This resolution brings an end to a five-year-plus investigation by the U.S. government, with no criminal charges filed against AOSL. The company stated that this settlement does not impact its ongoing business operations and that it has significantly strengthened its procedures and policies to ensure ongoing compliance with export control regulations.
The conclusion of this investigation removes a significant source of uncertainty for AOSL, allowing the company to focus on its strategic efforts to grow its customer base and expand product offerings without the distraction of an unresolved regulatory matter.
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