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International Business Times
International Business Times
Bruce Golding

US Fines Chipmaker $500,000 For Selling To Blacklisted Chinese Company

GlobalFoundries Commerce Department United States Semiconductor
A worker walks in the clean room of a GlobalFoundries computer chip factory in Singapore on Sept. 12, 2023. (Credit: ROSLAN RAHMAN/AFP via Getty Images)

The U.S. fined a chipmaker $500,000 for selling $17.1 million worth of computer chips to a blacklisted Chinese company.

GlobalFoundries, based in Malta, New York, sent 74 shipments to SJ Semiconductor without seeking a license, the Commerce Department said in a Friday statement reported by Reuters.

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