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China passed Anti-Foreign Sanctions Law | Dentons

China passed Anti-Foreign Sanctions Law | Dentons
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Honeywell s $13m penalty shows it s tricky doing business with China and Pentagon | News

By Garrett Reim2021-05-12T00:06:00+01:00 Honeywell reached a $13 million settlement with the US Department of State over alleged violations of the Arms Export Control Act and the International Traffic in Arms Regulations (better known as ITAR). Honeywell agreed to the settlement on 3 May. The State Department has agreed to suspend $5 million of the penalty on the condition that the funds will be used for “remedial compliance measures to strengthen Honeywell’s compliance program”, it says. Source: Lockheed Martin Honeywell supplies parts for the F-35 stealth fighter The penalty comes after the company repeatedly, between 2011 and 2018, sent drawings of parts of US military aircraft to suppliers in foreign countries, including China, asking for price quotes, according to a US State Department charging letter. The manufacturer voluntarily disclosed the violations.

U S Department of Commerce Sanctions Seven Chinese Supercomputer Firms | Dorsey & Whitney LLP

Sunway Microelectronics; and Tianjin Phytium Information Technology. Because of these designations, exports and transfers of most items with significant U.S. content to these Chinese firms will now require a BIS export license under the U.S. Export Administration Regulations (“EAR”).  In its April 8 announcement, BIS also said that it will consider any export license applications for these entities with a presumption of denial. According to the BIS announcement, the seven listed firms supply China’s military with technology that can be used in the development of weapons of mass destruction and hypersonic weapons.  The Biden Administration believes that some of that work may depend on the use of advanced semiconductors designed or made with U.S. origin software or other technology.  However, much of that semiconductor fabrication takes place at a leading third country semiconductor foundry.  The effectiveness of these new Entity List sanctions will then largely depend on

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