US Backs GlobalFoundries' Semiconductor Growth with $1.5 Billion
The US government is making a significant investment in the semiconductor sector, as it awarded GlobalFoundries a $1.5 billion subsidy aimed at expanding chip production in New York and Vermont. This initiative comes at a crucial time, reflecting the rising…
GlobalFoundries Fined: The Importance of Compliance in the Semiconductor Industry
In a significant development that underscores the complexities of international trade and compliance, GlobalFoundries has been fined $500,000 by the U.S. Commerce Department for exporting semiconductor chips to SJ Semiconductor, a Chinese affiliate of the sanctioned chipmaker SMIC. The shipments,…
