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flag The U.S. fined GlobalFoundries $500,000 for shipping $17.1 million in chips to a restricted Chinese firm.

flag The U.S. Department of Commerce has fined GlobalFoundries $500,000 for shipping $17.1 million worth of chips to SJ Semiconductor, a company linked to the restricted Chinese firm SMIC, without the necessary license. flag The 74 unauthorized shipments took place between February 2021 and October 2022. flag GlobalFoundries disclosed the violation and cooperated with the investigation, leading to a lesser penalty. flag Concerns remain about enforcement of trade restrictions.

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