Bosch to Pay $36 Million to US Over Huawei Shipments

German engineering giant Bosch has reached a settlement with U.S. authorities. The company will pay a penalty of $36 million to resolve the issue. The fine relates to shipments made to Chinese technology company Huawei. These shipments allegedly violated U.S. export control regulations. Reuters reported the details of the settlement agreement. The case highlights strict enforcement of trade sanctions on tech exports. Bosch has agreed to the terms to avoid further legal complications. This action underscores the ongoing tensions in global tech trade.