The United States government has taken a significant step to enhance its semiconductor industry, providing GlobalFoundries with a $1.5 billion subsidy aimed at boosting chip production in Malta, New York, and Vermont. This initiative is part of a broader strategy to solidify the U.S.’s position in the global semiconductor supply chain, especially as demand surges […]
GlobalFoundries Faces $500,000 Fine for Exporting Chips to China: A Case Study in Compliance and Accountability
In an era where technology drives global economies, regulatory compliance is more crucial than ever. The recent case involving GlobalFoundries, a prominent US semiconductor manufacturer, serves as a poignant reminder of the importance of adhering to export regulations, particularly when it comes to dealings with countries under trade restrictions. GlobalFoundries has been fined $500,000 by […]