Chipmakers Taiwan Signal will comply with US export rules aimed at China’s semiconductor industry

The island’s government said on Saturday that Taiwanese semiconductor companies “take” compliance with the law “very seriously” and signaled that they would comply with new US export controls aimed at to cause trouble for China’s chip industry.

The rules announced Friday by the administration of President Joe Biden include a measure to cut off China from some chips made anywhere in the world with American equipment, expanding the scope of operations. in an effort to slow Beijing’s technological and military progress.

Taiwan, a major chip manufacturer, is home to Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker and a major supplier to companies including Apple.

In a statement responding to the US announcement, Taiwan’s Ministry of Economy said Taiwanese companies had complied with the law.

“Taiwan’s semiconductor industry has long served global customers and takes compliance with the law very seriously,” it said.

“In addition to complying with domestic laws and regulations, it will also cooperate with the needs of international customers ordering and the norms of customers in their own countries.”

Taiwan’s semiconductor industry ministry is a technology leader and continues to “maintain an edge in the competition for international orders,” the ministry said.

The government continues to maintain close contact with manufacturers and support them to invest in factory expansion and deliver products to the world for technology development, the ministry said.

TSMC declined to comment on US regulations, saying it is in a lull ahead of next week’s quarterly earnings. Smaller competitor United Microelectronics also declined to comment before announcing earnings later this month.

Taiwan has its own concerns about China, especially the efforts of Chinese companies to hunt for chip talent and technical know-how. The government strictly limits Taiwan’s chip investment in China, the island’s largest trading partner.

Taiwan’s anxieties have grown rapidly as China holds regular military exercises near the island in an attempt to force it to accept Beijing’s sovereignty.

The United States is Taiwan’s most important supplier of arms and international assistance, despite having no formal diplomatic relations.

Taiwan’s Economy Minister Wang Mei-hua will visit the United States next week to respond to what her office calls “concerns” about supply chains and geopolitical issues. She will visit American technology companies that are major customers of Taiwanese semiconductor companies.

© Thomson Reuters 2022

Affiliate links can be generated automatically – check out ours Moral standards for details.


News5s: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button