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Ten indicted over alleged use of Chinese Academy of Sciences name to resell military chips

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Summary
Ten people have been indicted over allegedly posing as the Chinese Academy of Sciences to import chips intended for military use. The components were reportedly resold in mainland China and Hong Kong, generating profits of more than 300 million.
Details
Ten people have been indicted in a case involving the alleged use of the Chinese Academy of Sciences’ name to import chips intended for military use. The chips were reportedly resold in mainland China and Hong Kong.
Prosecutors allege that the participants used another identity or the institution’s name during the import process. The group made profits of more than 300 million from the subsequent resale of the military-use chips.
A total of 10 people have been charged in the case. The available information does not specify the currency of the profits or provide further details about the charges and the proceedings.
NEXORA AI — Why it matters
The case concerns the alleged cross-border resale of military-use chips and profits exceeding 300 million.
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