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BIS: New York Semiconductor Firm Shipped $17.1 Million in Wafers to Entity List Company
BIS: New York Semiconductor Firm Shipped $17.1 Million in Wafers to Entity List Company
November 8, 2024/
BIS has imposed a civil penalty of $500,000 on GlobalFoundries US. GlobalFoundries is a semiconductor manufacturer in New York, and they shipped ~$17.1 million in semiconductor wafers to a company on the BIS Entity List without licenses. They voluntarily disclosed, cooperated with the investigation, and took remedial issues after discovery.
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