GlobalFoundries sold about $17.1 million worth of chips to SJ Semiconductor via 74 separate shipments, which it later disclosed to the Commerce Department.
The new rule was announced amid concerns the Chinese regime is stealing U.S. technology and rapidly expanding its military and intelligence capabilities.
‘It is clear that we face a cyber-adversary the likes of which we have never confronted before,’ the House Select Committee on the CCP said in a letter.
If the CCP already began working on the technologies since 2023, it would be ready to target the upcoming U.S. presidential elections, researchers say.