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Chinese Customs at the Border Seize 5,840 Counterfeit XFX Radeon Graphics Cards Worth Over $3M

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Company XFX is a division of Hong Kong-based Pine Technology Holdings Limited. This company is currently headquartered in California (USA) but also has subsidiaries in other regions such as China. This Asian subsidiary is now in serious trouble with Chinese customs after a shipment of video cards was found with mislabeled specifications, which likely reduced the import tax.

During the investigation, the Chinese authorities confirmed that the technical specifications of video cards XFX Radeon in quantity 5840 pieces do not match the information on the labels. These cards cost about 20 million yuan, which is approximately 3.15 million US dollars.

Authorities have not confirmed whether XFX China is directly involved in this situation, however Web site The company has been unavailable for several days. The company also closed your official store on the T-mall retail website.

Without citing any source, MyDrivers mentions that this type of illegal labeling of imported graphics cards was a known method of reducing customs duties and taxes on imported graphics cards. Reportedly, in this way the country was imported 150 000 video cards already in use, as well as completely new.

The Chinese branch of XFX has been accused of shady business with local cryptocurrency miners in the past. One report claimed that the entire stock of the Radeon RX 500/5000 was distributed directly to crypto farms rather than to retailers.

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