Chip Firm Arrow Says Its Units To Be Removed from US Blacklist

Arrow Electronics Inc. said its affiliates will be dropped from a US Commerce Department sanctions list, sparing the Colorado-based chip distributor’s subsidiaries from a possible ban on purchases of American technologies.

The removals came less than two weeks after the Bureau of Industry and Security put a handful of companies it said were tied to Arrow on its so-called entity list for allegedly helping Iranian proxies buy American technology. At the time, Arrow said its units were in full compliance with US regulations and that it was discussing the listings with the Commerce Department.