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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Technology

Technology

The Taiwanese minister says TSMC has received a China chip waiver extension from the US

Taiwan Semiconductor Manufacturing Company's (TSMC) logo is seen while people attend the openin... Taiwan Semiconductor Manufacturing Company's (TSMC) logo is seen while people attend the opening of the TSMC global R&D center in Hsinchu, Taiwan July 28, 2023. REUTERS/Ann Wang/File Photo
Taiwan Semiconductor Manufacturing Company's (TSMC) logo is seen while people attend the openin... Taiwan Semiconductor Manufacturing Company's (TSMC) logo is seen while people attend the opening of the TSMC global R&D center in Hsinchu, Taiwan July 28, 2023. REUTERS/Ann Wang/File Photo

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The Taiwanese minister says TSMC has received a China chip waiver extension from the US. According to Taiwan’s Economy Minister Wang Mei-hua on Friday, Taiwanese chipmaker TSMC (2330.  T.W.) has gotten a waiver extension from the U.S. to continue supplying U.S. chip equipment to the company’s operations in China.

The Biden administration announced a comprehensive list of export limits in October of last year, greatly extending the scope of its effort to halt Beijing’s scientific and military advancements. Among these rules was one that would prevent China from importing specific semiconductor chips created anywhere in the globe using American equipment.

This week, the South Korean government said that Samsung Electronics (005930. K.S.) and S.K. Hynix (000660. K.S.) would be permitted to provide their plants in China with American semiconductor equipment forever without additional U.S. clearances. The largest contract chipmaker in the world, TSMC, announced last year that the United States had granted it a one-year authorization for its plant in Nanjing, China, which produces less-advanced 28-nanometer chips.

Although Wang did not provide details, she told reporters that she believed the waiver extension had also been extended for TSMC.

Her government forwarded additional inquiries to TSMC, which delayed responding to a request for comment. Before announcing third-quarter earnings on Thursday, the corporation was quiet.


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