TSMC Under Investigation for Potential Export Rule Breach
The U.S. Commerce Department has initiated an investigation into Taiwan Semiconductor Manufacturing Company (TSMC) regarding potential violations of export regulations. The inquiry centers on whether TSMC produced smartphone or artificial intelligence chips for Huawei, the Chinese tech giant that has faced U.S. sanctions since 2020 due to national security concerns.
According to a report by The Information, the Commerce Department recently reached out to TSMC to clarify its production activities related to Huawei. In response, TSMC stated that it is a "law-abiding company" and adheres to compliance protocols to avoid violations.
In 2020, Huawei was blacklisted, restricting its access to chips manufactured with American technology. Efforts from U.S. lawmakers have intensified to prevent Huawei from acquiring American chipmaking equipment, citing the company's alleged links to the Chinese military.
While Huawei claims to source its advanced chips exclusively from Semiconductor Manufacturing International Corp (SMIC), it has made significant strides in chip development. Last year, the company launched a smartphone equipped with a 7-nanometer chip produced by SMIC, marking a pivotal achievement for Chinese manufacturers.
The U.S. has also imposed strict limitations on Chinese firms' access to advanced AI chips, impacting major players like NVIDIA Corporation, which are prohibited from selling cutting-edge technology to China.


Asian Stocks Slide as Tech Selloff Deepens and US-Iran Conflict Escalates
Pakistan Economy Grows 3.7% in FY2026 Amid Strong Fiscal Performance
Oil Prices Fall as U.S.-Iran Peace Deal Hopes Ease Supply Concerns
ECB Set to Raise Interest Rates as Energy Shock Fuels Eurozone Inflation Concerns
ECB Keeps July Rate Options Open Amid Iran War Energy Price Risks
Asian Stocks Rally as Trump Signals Iran Peace Deal; Tech and Chip Shares Rebound Strongly
New Zealand Manufacturing Slips Back Into Contraction in May
Dollar Stabilizes as Markets Weigh Middle East Ceasefire Prospects and Central Bank Policy Outlook
Trump Signals Opposition to USMCA Renewal as U.S. Reviews Trade Relations with Canada and Mexico
US Stock Futures Rally as U.S.-Iran Peace Talks Boost Market Sentiment Despite Ongoing Strikes
Japan Core Inflation Seen Steady in May Ahead of BOJ Rate Hike
Wall Street Rallies as SpaceX IPO Soars and U.S.-Iran Peace Deal Hopes Grow
Carney and Macron Strengthen Canada-France Defense Ties Amid US Trade Uncertainty
Gold Prices Slip Weekly Despite Friday Rebound as U.S.-Iran Peace Deal Hopes Grow
European Stocks Rise Ahead of ECB Rate Decision as Investors Buy the Dip
Trump Signals Possible U.S.-Iran Peace Deal as Hormuz Reopening Nears
Oil Prices Fall as Trump Signals Iran Deal, Reducing Supply Risk Concerns 



