China convicts 27 people for smuggling 166 tons of critical chipmaking element antimony — heavily-restricted mineral used for semiconductor manufacturing exported without licenses, court decides

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A court in China has convicted 27 people for illegal shipment of antimony ingots out of the country without mandatory export licenses. The ruling was delivered by the Shenzhen Intermediate People’s Court, which sentenced the main defendant, Wang Wubin, to 12 years in prison and a fine of 1 million Yuan ($141,899).

According to a court statement, the crimes took place in February and March, during which more than 166 metric tons of antimony were smuggled; Chinese customs have seized over 96 tons….



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China convicts 27 people for smuggling 166 tons of critical chipmaking element antimony — heavily-restricted mineral used for semiconductor manufacturing exported without licenses, court decides


A court in China has convicted 27 people for illegal shipment of antimony ingots out of the country without mandatory export licenses. The ruling was delivered by the Shenzhen Intermediate People’s Court, which sentenced the main defendant, Wang Wubin, to 12 years in prison and a fine of 1 million Yuan ($141,899).

According to a court statement, the crimes took place in February and March, during which more than 166 metric tons of antimony were smuggled; Chinese customs have seized over 96 tons….



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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