BIS Imposes $500,000 Mitigated Penalty Against GlobalFoundries For 74 Shipments to Entity Listed Chinese Firm

News Manufacturing & Supply Chain Sanctions & Fines

Date: 1st Nov, 2024 Source: U.S. Bureau of Industry and Security Country: USA Original Source

Brief

"On January 11, 2024, the U.S. Bureau of Industry and Security issued an update regarding BIS Imposes $500,000 Mitigated Penalty Against GlobalFoundries For 74 Shipments to Entity Listed Chinese Firm. The penalty was imposed due to GlobalFoundries' shipment of semiconductor wafers valued at approximately $17.1 million to SJ Semiconductor without the requisite license or other authorization from BIS."

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U.S. Bureau of Industry and Security

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BIS Imposes $500,000 Mitigated Penalty Against GlobalFoundries For 74 Shipments to Entity Listed Chinese Firm

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BIS Imposes $500,000 Mitigated Penalty Against GlobalFoundries For 74 Shipments to Entity Listed Chinese Firm

Brief

U.S. Bureau of Industry and Security

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