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Recent #Hong Kong news in the semiconductor industry

weixin
10 days ago

Chen Zhi, Accused Cambodian Scam Farm Operator, Has Ties to Hong Kong Businesses

➀ Chen Zhi, a Chinese businessman, is alleged to be behind a major cybercrime operation in Cambodia, with connections to Hong Kong business entities.

➁ The U.S. has imposed sanctions on 11 Hong Kong companies linked to Chen, who is also the CEO and chairman of the Cambodian conglomerate Prince Holding Group.

➂ Prince Group Holdings, one of the sanctioned entities, operates an office in Hong Kong, and its parent company is registered in the British Virgin Islands.

Hong KongcybercrimeScam Farm
tomshardware
over 1 year ago

Shipments of advanced processors to Russia reportedly drop 20% — Hong Kong remains a key hub for smuggling

❶ The U.S. Commerce Department reports a 20% drop in shipments of high-performance processors to Russia from China and Hong Kong. ❷ Despite this, Hong Kong remains a crucial hub for sanctions evasion, facilitating the flow of restricted components to Russia. ❸ The decline in illicit shipments is attributed to aggressive enforcement by U.S. authorities and proactive engagement with companies to prevent diversion of products to Russia.
Hong KongRussiaU.S. Commerce Department