United States of America: Issued Bureau of Industry and Security ruling following investigation into GlobalFoundries over prohibited exports of semiconductor wafers

On 1 November 2024, the Bureau of Industry and Security (BIS) at the Department of Commerce levied a USD 500'000 penalty on GlobalFoundries, a large contract chipmaker, for shipping chips without authorisation to SJ Semiconductor, an affiliate of blacklisted chipmaker SMIC. GlobalFoundries sold 74 shipments of chips worth USD 17.1 million. SJ Semiconductor and SMIC were added to the entity list in 2020 based on SMIC's alleged ties to Chinese military-industrial operations. Exports to firms on the entity list require a license which GlobalFoundries did not apply for.