Following the US Commerce Department's addition of 16 Chinese mainland and Hong Kong entities to its export control list, affected electronics distributors Arrow Electronics and Fengbao Electronics have issued formal responses.
Fengbao Electronics stated on October 9 that it strictly complies with international trade regulations and does not engage in any military-related activities. The company has initiated internal assessments and is maintaining communication with relevant authorities.
Arrow Electronics confirmed on October 10 that its Chinese and Hong Kong subsidiaries were added to the list. It assured partners that these entities have fully adhered to US Export Administration Regulations and committed to minimizing potential supply chain disruptions.
The list also includes over ten other Chinese companies, such as Beijing Kavens Technology and Yifei Intelligent Technology.
ICgoodFind Summary: The inclusion of major distributors underscores escalating geopolitical supply chain risks, highlighting the need for robust compliance and resilience planning.
