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Ex-AMD fab GlobalFoundries has been fined $500K after admitting it shipped $17,000,000 worth of product to a company associated with China's military industrial complex
The CHIPS-funded manufacturer takes a significant slap on the wrist.
AMD's ex-fab business is still estimated to be the third biggest semiconductor foundry in the world by revenue, thanks to its manufacture of chips for smart mobile devices, automotive, aerospace and defence, IoT and data center uses. The Bureau of Industry and Security says that GlobalFoundries sent 74 different shipments of wafers over the course of this period, and as a result it would impose a fine of $500,000 for breaching the ongoing US-China chip trade restrictions. While a $500,000 fine might seem like a drop in the ocean for a major semiconductor manufacturer like GlobalFoundries, it seems like the US government may be going easy on the financial penalties in order to encourage companies that find themselves in breach of the restrictions to come forward.
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