South Korean company smuggled $11.6 million worth of US-made chips into China

Serving the tech enthusiast community for over 25 years.TechSpot means tech analysis and advice you can trust . Read our ethics statement What just happened? We’ve heard plenty of stories about individuals smuggling components into China, usually by strapping said items to their bodies, but this one’s quite different: 96,000 US-made chips worth $11.6 million were smuggled into China via South Korea over the course of three years, and so many people were involved that an entire company ran things. The Seoul Main Customs Office announced that for three years starting in August 2020, individuals in South Korea operating “Company…