Taiwan Semiconductor Manufacturing Company (TSMC) may have to pay a fine of $1 billion or more to resolve a U.S. export control investigation related to a chip it made that was used in a Huawei AI processor, according to a report by Reuters. It's the latest development in a situation that first came to light in late 2024 involving TSMC, Huawei, and Xiamen Sophgo Technologies, a Chinese chip designer. Sophgo is an affiliate of Bitmain, a Bitcoin mining equipment supplier, and TSMC is the world's biggest contract chipmaker. This is important not just because of export rules but because Huawei's multi-chip processor is considered the most advanced in its class to be made in China. It's estimated that hundreds of thousands of these processors were produced with these components. 'TSMC is a law-abiding company and we are committed to complying with all applicable rules and regulations, including applicable export controls,' TSMC said in a statement. 'In compliance with the regulatory...
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