The U.S. government said the company's AI chips can't go to China.
TSM stock fell Monday after the U.S. ordered Taiwan Semiconductor Manufacturing to halt shipments of advanced chips to China. The post Taiwan Chip Giant Curbs Sales Of Advanced Chips To China appeared first on Investor's Business Daily.
A report stating that TSMC (TSM) was ordered by the U.S. to halt A.I. chip exports to China sent shares falling.
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The latest effort to curb exports of critical technologies comes after reports that a TSMC product was found inside a Huawei AI chip.
The United States has directed Taiwan Semiconductor Manufacturing Co (ADR) (NYSE:TSM) to stop shipping certain advanced chips to Chinese clients, effective Monday, according to a Reuters exclusive. The US Department of Commerce informed TSMC that export restrictions apply to chips of 7-nanometer or more advanced designs often used in artificial intelligence and graphics processing units.
China's semiconductor index leapt close to a three-year high on Monday on bets a U.S. order halting Taiwan Semiconductor Manufacturing Co's shipments of advanced chips to Chinese customers could accelerate Beijing's self-reliance efforts.
After a chip manufactured by Taiwan Semiconductor Manufacturing Company was found inside a Huawei processor, the US Department of Commerce has ordered the company to halt shipments of advanced chips to Chinese customers, according to a report in Reuters.
The U.S. ordered Taiwan Semiconductor Manufacturing Co to halt shipments of advanced chips to Chinese customers that are often used in artificial intelligence applications starting Monday, according to a person familiar with the matter.
TSMC will stop providing Chinese customers with some of its most advanced AI chips, per reports. The US has been clamping down on China's access to advanced technology.
Taiwan Semiconductor Manufacturing Company has notified Chinese chip design companies that it is suspending production of their advanced AI chips from Monday, Financial Times reported on Friday, citing three people familiar with the matter.
Taiwan Semiconductor's AI revenue has boomed this year.