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

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.

Read More

Related Posts

WH: Executive Action on Customs Enforcement

The White House has issued an executive action related to customs enforcement and import compliance. The order directs federal agencies to update procedures for verifying importers, addressing potential duty violations, and expanding enforcement capabilities. It also calls for improvements in operational transparency across customs processes. The stated goal is to revise and update enforcement practices…

CBP: Discovery at JFK Leads to Arrest and Weapons Seizure in Kansas City

U.S. Customs and Border Protection officers at John F. Kennedy International Airport identified suspicious activity that prompted a wider investigation linked to Kansas City. The investigation resulted in an arrest and the seizure of weapons connected to the case. CBP continues to work with law enforcement partners to disrupt illegal weapons trafficking and protect public…

CA: Comprehensive Economic Partnership Agreement Signed

Canada and Indonesia have signed a Comprehensive Economic Partnership Agreement to strengthen trade and economic cooperation between the two countries. The agreement has received Royal Assent and is expected to enter into force following the completion of remaining implementation steps. The partnership will support increased market access, investment opportunities, and closer economic collaboration between Canada…

EU: Mercosur Interim Trade Agreement Now in Effect

The European Union and Mercosur countries have implemented the Interim Trade Agreement effective May 1. The agreement includes updated trade provisions and Rules of Origin requirements for participating countries, including Argentina, Brazil, Paraguay, and Uruguay. The agreement is intended to support stronger trade relations and improve market access between the participating economies. Additional information is…