U.S. Investigates TSMC $tsm for Potential Export Violations Involving Huawei

Oct 18, 2024, 12:36 AM

The U.S. Commerce Department is investigating Taiwan Semiconductor Manufacturing Company (TSMC) for potentially violating export controls by supplying chips to black-listed Chinese tech giant Huawei. The probe focuses on whether TSMC has been making advanced AI and smartphone chips for Huawei, possibly through intermediaries. TSMC has responded by affirming its commitment to compliance with all applicable regulations and export controls, stating that it will take prompt action if any issues are identified. The investigation was reported by QianerLiu and involves TSMC's stock ticker $tsm.