Gigabyte Offices Raided by Taiwanese Authorities for Exporting Products to Iran

WCCFtech
Date: Feb 22, 2020
By: Sam Reynolds

A subsidiary of Gigabyte Technology has been fined by regulators in Taiwan for exporting products to Iran via Hong Kong without the proper permits.

Local media reports in Taiwan say that one of Gigabyte's subsidiaries responsible for manufacturing network and telecommunications equipment shipped "strategic high-tech goods" to Iran without the proper permits. While Gigabyte operates a branch office in Iran, and sells many of its products including servers and motherboards within the country, it hasn't applied for an export permit for telecommunications equipment from Taiwan's Bureau of Foreign Trade.

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Police searched one of Gigabyte's offices earlier in the week and interviewed a number of key staff and managers. Yi Tai Li, the subsidiary's director, was released on a 200,000 NTD bond ($6500), while a subordinate was released after paying a 50,000 NTD ($1,644) bond.  [FULL  STORY]