Chipmaker GlobalFoundries Faces $500,000 Fine for Banned Shipments to China
The Biden administration said it had reached a settlement after the U.S. chipmaker voluntarily disclosed that it had shipped products to a firm linked with China’s military industrial complex.
China Development Bank former VP given 12 years in jail, fine for bribery
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US fines third-largest microchip manufacturer for supplies to China
The US imposed a fine of $500,000 on the New York-based GlobalFoundries. The company was shipping microchips to an affiliate of the Chinese manufacturer SMIC, reports Reuters. In its statement, the US Department of Commerce said that GlobalFoundries had shipped 74 shipments worth $17.
GlobalFoundries fined $500,000 for restricted chip exports to Chinese firm on U.S. entity list — chipmaker shipped $17 million worth of silicon wafers to China’s SJ Semiconductor
GlobalFoundries is said to have shipped 74 orders, totaling $17.1 million, to SJ Semiconductor, a SMIC affiliate, without obtaining the required license.
US fines GlobalFoundries for shipping chips to sanctioned Chinese firm
The U.S. said on Friday it imposed a $500,000 penalty on New York-based GlobalFoundries, the world's third-largest contract chipmaker, for shipping chips without authorization to an affiliate of blacklisted Chinese chipmaker SMIC.
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Ex-AMD fab GlobalFoundries has been fined $500K after admitting it shipped $17,000,000 worth of product to a company associated with China's military industri…
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