Autonomous-trucking company TuSimple, facing several federal investigations, was preparing to exit the American market for China when the CEO directed his staff to ship advanced semiconductors out of the U.S. “TuSimple is sending spare parts owned by its U.S. business for use by its Australia business because TuSimple is winding down its business in the United States," the spokesman said. Lu said in meetings that he wanted the chips sent to China, according to the people familiar. Another TuSimple China employee contacted Lansdowne on Nov. 20 asking if the service would accept a delivery from the U.S. of “some small equipment," according to an email. A Lansdowne spokesman said the firm was never aware of any plans to send the shipment on to China.

Source: Wall Street Journal January 31, 2024 12:22 UTC