National Security

US Fines Major Chipmaker for Selling to Company Connected to Chinese Military

GlobalFoundries sold about $17.1 million worth of chips to SJ Semiconductor via 74 separate shipments, which it later disclosed to the Commerce Department.
US Fines Major Chipmaker for Selling to Company Connected to Chinese Military
A screen displays the company logo for chip and semiconductor maker GlobalFoundries Inc. during the company's IPO at the Nasdaq MarketSite in Times Square in New York City on Oct. 28, 2021. Brendan McDermid/Reuters
Catherine Yang
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The U.S. Department of Commerce on Nov. 1 fined GlobalFoundries U.S. Inc. $500,000 for shipping chips to Chinese firm SJ Semiconductor, a company that has been sanctioned by the United States for its ties to the Chinese military.
GlobalFoundries is headquartered in Malta, New York, and has 14 locations around the globe, supplying more than 200 customers worldwide.
Catherine Yang
Catherine Yang
Author
Catherine Yang is a reporter for The Epoch Times based in New York.