Alpha and Omega Semiconductor Says DOJ Informed Closing Of Investigation Into Compliance With Export Control Regulations Without Any Charges
Portfolio Pulse from Benzinga Newsdesk
Alpha and Omega Semiconductor (AOSL) has been informed by the DOJ that the investigation into the company's compliance with export control regulations, specifically regarding transactions with Huawei and its affiliates, has been closed without any charges. The company had been cooperating with the investigation since late 2019.
January 25, 2024 | 10:20 pm
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The DOJ has closed its investigation into Alpha and Omega Semiconductor's compliance with export control regulations without filing any charges, which had been a concern since 2019.
The closure of the DOJ investigation without any charges removes a significant legal overhang for Alpha and Omega Semiconductor. This positive outcome is likely to be viewed favorably by investors and could lead to a short-term increase in the company's stock price as the risk of legal penalties or restrictions has been eliminated.
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