(Reuters) – The United States has imposed a $500,000 mitigated penalty against GlobalFoundries for shipping chips to a Chinese company without seeking authorization, the Department of Commerce said on Friday.
In a statement, it 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.
(Reporting by Jasper Ward and David Ljunggren)
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source: https://theprint.in/tech/us-penalizes-globalfoundries-for-shipping-chips-to-chinese-firm/2338604/
