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Electronics supplier Lumentum discloses US subpoenas over business with Huawei

( November 8, 2024, 21:00 GMT | Official Statement) -- MLex Summary: Lumentum Holdings, a supplier of electronic components, disclosed in a quarterly earnings report that it had received subpoenas from the US Department of Justice and the US Department of Commerce over its business with Chinese telecoms giant Huawei Technologies. Lumentum determined its products were subject to US export restrictions and stopped shipping goods to Huawei, its largest networking customer in China, in the beginning of 2024. The company voluntarily disclosed certain shipments to US authorities after an internal review.Excerpt:...

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