Chipmaker GlobalFoundries Faces $500,000 Fine for Banned Shipments to China
The Biden administration said it had reached a settlement after the U.S. chipmaker voluntarily disclosed that it had shipped products to a firm linked with China’s military industrial complex. The Biden administration said on Friday that it would impose a fine of $500,000 on the U.S. chipmaker GlobalFoundries, after the company shipped more than $17 […]