THE United States has imposed a US$500,000 mitigated penalty against GlobalFoundries for shipping chips to a Chinese company without seeking authorisation, Reuters reported. In a statement, the Department of Commerce said GlobalFoundries had sent 74 shipments worth $17.1 million to a firm on the Bureau of Industry and Security’s entity list. Exports to firms on the list require a license, which GlobalFoundries did not apply for, the department said. SeaNews Turkey
Author: Capt. John
https://www.seanews.com.tr/us-fines-globalfoundries-for-shipping-chips-to-china/201872/