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US penalises GlobalFoundries US$500,000 for shipping chips to Chinese firm

The chipmaker sent 74 shipments worth US$17.1 million to a company on a trade blacklist without applying for a licence.

By: scmp.com

Nov 01 2024
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US penalises GlobalFoundries US$500,000 for shipping chips to Chinese firm

The chipmaker sent 74 shipments worth US$17.1 million to a company on a trade blacklist without applying for a licence.

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US boosts scrutiny of foreign land deals near military bases amid China concerns