The US Department of Commerce’s Bureau of Industry and Security (“BIS”) has imposed a civil penalty of $500,000 against GlobalFoundries US Inc., a New York-based semiconductor wafer manufacturer, for unauthorized shipments to SJ Semiconductor (“SJS”), a Chinese company on the BIS Entity List.
Between February 2021 and October 2022, GlobalFoundries allegedly violated the Export Administration Regulations (“EAR”) by sending 74 separate shipments of semiconductor wafers, collectively valued at appr...
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