US Chipmaker Fined $500,000 for Chips Sent to China – NYT

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US chipmaker GlobalFoundries has been fined by Washington for shipping chips to a banned Chinese supplier

The post US Chipmaker Fined $500,000 for Chips Sent to China – NYT appeared first on Asia Financial.

So, the company was given a relatively small penalty because it voluntarily disclosed the information and cooperated with government investigators.

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Author / Journalist: Jim Pollard

Category: InvestingBusiness

Markets: Hong KongAustraliaChinaThailandUnited States

Topics: China-US Economic Ties Market Insights World Asia ESG Fintech Global Fintech Leaders Index Semiconductors Fintech Insights

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 10:37:11 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 183 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 17 words per sentence (average)

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Copyright Owner: © Asia Financial

News ID: 23429789

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