TXN - Texas Instruments Analog Devices Have Alleged Connections To Russia: Are These Firms Shipping Chips Despite Ban? | Benzinga
U.S. semiconductor exports to Russian military-linked entities reportedly persist in 2023 despite export restrictions aimed at slashing them off.
Texas Instruments (NASDAQ: TXN) and Analog Devices (NASDAQ: ADI) are major chip suppliers linked to the issue, according to a news report by Bloomberg.
Semiconductor shipments surged in the first half 2023, transited via Hong Kong to Russia, revealed customs data from C4ADS, the report read. These shipments to Russia undermined efforts to restrict technology from reaching Putin's military post-Ukraine invasion, it added.
The companies said they didn't trade the chips directly to the Hong Kong entities, and both ...