Company Directory - GlobalFoundries Inc.
Company Details - GlobalFoundries Inc.
GlobalFoundries Inc.
WebsiteSanta Clara, United States
GlobalFoundries Inc. is a semiconductor foundry providing manufacturing services to integrated circuit design firms. It specializes in advanced semiconductor manufacturing for a wide range of technology companies worldwide.
CCI Score
CCI Score: GlobalFoundries Inc.
3.74
Latest Event
GlobalFoundries: Subsidy Deal Amid Export Violation Fallout
GlobalFoundries was awarded up to $1.5 billion under the CHIPS and Science Act to expand its U.S. semiconductor manufacturing operations, following a $500 million fine for exporting chips to China without proper licensing. The deal is part of a larger $13 billion investment plan aimed at modernizing facilities, creating domestic jobs, and strengthening the U.S. supply chain.
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OBJECTOR
GlobalFoundries Inc. is currently rated as an Objector.
Latest Events
- NOV222024
GlobalFoundries was awarded up to $1.5 billion under the CHIPS and Science Act to expand its U.S. semiconductor manufacturing operations, following a $500 million fine for exporting chips to China without proper licensing. The deal is part of a larger $13 billion investment plan aimed at modernizing facilities, creating domestic jobs, and strengthening the U.S. supply chain.
+50
Public and Political Behavior
March 28
The subsidy deal under the CHIPS and Science Act reflects strong public and political engagement by aligning corporate expansion with U.S. national security and domestic manufacturing priorities. This reinforces a progressive agenda by bolstering supply chain security and supporting American jobs.
-15
Business Practices and Ethical Responsibility
March 28
GlobalFoundries was fined $500 million for violating export rules by sending chips to a Chinese affiliate without the proper license. Although the violation was attributed to a data-entry error and the company cooperated with authorities, this lapse in compliance raises concerns about its business practices.
+50
Economic and Structural Influence
March 28
The infusion of $1.5 billion as part of a broader $13 billion expansion plan is set to modernize facilities, significantly boost domestic production capacity, and create nearly 1,000 manufacturing jobs. This enhances economic resilience and strengthens the U.S. semiconductor supply chain, aligning with progressive economic development and national security priorities.
- NOV012024
GlobalFoundries was fined $500K by the U.S. Department of Commerce for exporting $17.1M worth of semiconductor wafers to SJ Semiconductor without the required BIS licenses. A data entry error resulted in 74 unauthorized shipments, raising concerns over technology transfer to entities on the U.S. entity list with potential military ties.
-50
Business Practices and Ethical Responsibility
March 28
The violation represents a serious lapse in GlobalFoundries’ ethical business practices. By shipping semiconductor wafers without proper licensing, the company failed to adhere to federal export regulations, potentially facilitating the transfer of sensitive technology to entities associated with authoritarian regimes.
-30
Technology and Services Impact
March 28
The unauthorized export of advanced semiconductor wafers potentially contributes to the proliferation of sensitive technology that could be used in military applications. This misstep underscores lapses in controls meant to prevent technology transfer that could bolster authoritarian regimes.
- NOV012024
GlobalFoundries U.S. Inc. was fined $500K by the Bureau of Industry and Security after it exported semiconductor wafers worth approximately $17.1 million to SJ Semiconductor without the required BIS license due to a data entry error in its screening system. The company voluntarily disclosed the mistake and cooperated with the investigation, which helped mitigate the penalty.
-25
Business Practices and Ethical Responsibility
March 28
The incident highlights a significant lapse in GlobalFoundries' internal controls and compliance with export regulations, representing a negative business practice. Although the company’s voluntary disclosure and cooperation helped reduce the penalty, the failure in transaction screening allowed unlicensed exports to a restricted entity, which poses risks associated with the proliferation of sensitive technologies.
- FEB202024
GlobalFoundries announced its expansion plans and eligibility to receive a combined $2.1 billion in U.S. state and federal funding under the Chips and Science Act, supporting its manufacturing growth.
+30
Economic and Structural Influence
March 28
The company's expansion and receipt of government grants under the Chips and Science Act bolster domestic manufacturing, potentially leading to increased job creation and economic competitiveness. This support aligns with progressive economic practices that favor public investment and sustainability, distancing itself from authoritarian influences.
- OCT022023
GlobalFoundries announced its move of headquarters from Santa Clara, California to the Fab 8 site in Malta, New York. The decision, made public during an event attended by political figures such as Senator Schumer, is positioned as part of the company’s strategy to boost semiconductor manufacturing capacity and stimulate local job creation.
+20
Public and Political Behavior
March 28
The event demonstrates a form of positive public and political behavior by engaging with progressive political figures like Senator Schumer, indicating alignment with policy initiatives that promote investment in semiconductor manufacturing.
GlobalFoundries moving headquarters from California to Malta site - WRGB
+30
Technology and Services Impact
March 28
This relocation underlines GlobalFoundries' commitment to semiconductor manufacturing innovation to meet growing global demand. The strategic focus on technology enhancement represents a progressive step in strengthening the tech sector.
GlobalFoundries moving headquarters from California to Malta site - WRGB
+50
Economic and Structural Influence
March 28
The relocation plan is designed to infuse significant economic benefits into the Malta region through job creation and large-scale investments. This move illustrates the company’s positive economic and structural influence by supporting regional economic development.
GlobalFoundries moving headquarters from California to Malta site - WRGB
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Industries
- 334412
- Bare Printed Circuit Board Manufacturing
- 334413
- Semiconductor and Related Device Manufacturing
- 334416
- Capacitor, Resistor, Coil, Transformer, and Other Inductor Manufacturing