The U.S. has directed Taiwan Semiconductor Manufacturing Company to suspend shipments of advanced chips to Chinese clients starting Monday. The Department of Commerce imposed export restrictions targeting chips of 7-nanometer or more advanced designs, essential for artificial intelligence and GPU applications. This order follows a recent discovery of TSMC chips in a Huawei AI processor, signaling potential export control violations. TSMC has halted shipments to China-based Sophgo and notified other impacted clients.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02U.S. has directed Taiwan semiconductor manufacturing company to suspend shipments
00:06of advanced chips to Chinese clients starting Monday. The Department of Commerce imposed
00:11export restrictions targeting chips of seven nanometer or more advanced designs,
00:16essential for artificial intelligence and GPU applications. This order follows a recent
00:21discovery of TSMC chips in a Huawei AI processor signaling potential export control violations.
00:28TSMC has halted shipments to China-based Sofco and notified other impacted clients.
00:34For all things money, visit Benzinga.com slash GSTV.