VEHO Industry Update: This article highlights developments relevant to the freight, logistics, and supply chain industry.
US probes Apex over suspected role in AI chip ‘smuggling’ to China
Singapore-based Apex Logistics, a wholly-owned subsidiary of Kuehne+Nagel (K+N), is being investigated by the US authorities over its suspected role in supplying AI chips to China. The news broke earlier today with Bloomberg citing sources familiar with the matter. Since 2022, the US has placed restrictions on the sale of high-end AI chips to China. This…