regulatory
confidence high
sentiment positive
materiality 0.70
AOSL DOJ closes criminal export-compliance investigation into Huawei transactions without charges
ALPHA & OMEGA SEMICONDUCTOR Ltd
- DOJ informed AOSL on Jan 19, 2024, that it closed the criminal investigation with no charges.
- Investigation related to export control regulations for transactions with Huawei and affiliates, ongoing since late 2019.
- Company will continue cooperating with DOC in the separate civil investigation and expects to resolve it.
- No financial penalty or adverse action from DOJ; removes significant legal overhang.