News
News
2023-03-09
Description of Entity Sanctions
Regarding the impact of Neotec Semiconductor Ltd. being added to the Entity List by the US Department of Commerce, the impact is that American companies are restricted from selling goods to the companies or organizations on the Entity List.
However, Neotec's products are not affected and can continue to be exported and sold anywhere, including the United States. This is different from comprehensive economic sanctions.
Neotec's main exported product is IC chips, which are not subject to any regulations under the Export Administration Regulations (EAR).
However, Neotec's products are not affected and can continue to be exported and sold anywhere, including the United States. This is different from comprehensive economic sanctions.
Neotec's main exported product is IC chips, which are not subject to any regulations under the Export Administration Regulations (EAR).
