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BIS Imposes $500,000 Mitigated Penalty Against GlobalFoundries For 74 Shipments to Entity Listed Chinese Firm

By Bureau of Industry and Security

1 Nov 2024

Washington, D.C. – Today, as part of a settlement agreement, the Department of Commerce’s Bureau of Industry and Security (BIS) imposed a civil penalty of $500,000 against GlobalFoundries U.S. Inc., a semiconductor wafer manufacturing company headquartered in Malta, New York, and its subsidiary, GlobalFoundries U.S. 2 LLC (collectively, “GlobalFoundries”).

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