Market Chatter: Russia Finding Ways to Circumvent Trade Controls to Acquire US Chips

MT Newswires Live12-09

Russia's military suppliers have been engaging in a "surprisingly simple" process to acquire components from Texas Instruments (TXN), unbeknownst to the US chipmaker and against trade restrictions, Bloomberg reported Monday, citing a cache of records it obtained.

"Some Russian distributors have integrated information from Texas Instruments' online shop, TI store, onto their sales platforms, allowing clients to see semiconductor inventory and pricing before they place requests," Bloomberg reported, citing documents it saw and government officials familiar with the matter.

Texas Instruments did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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