Chipmaker GlobalFoundries Faces $500,000 Fine for Banned Shipments to China

Published On Nov 1, 2024, 3:47 PM

The Biden administration has imposed a $500,000 fine on GlobalFoundries for inadvertently shipping products valued over $17 million to SJ Semiconductor, a Chinese firm with ties to the military, without the necessary licenses. This oversight was due to a data error in their screening system. GlobalFoundries reported the issue voluntarily and has cooperated fully with the investigation. They recently received considerable funding under the CHIPS and Science Act to enhance their production capacity in New York. The fine is relatively modest compared to potential penalties, reflecting their cooperation with authorities.