Taiwan Semiconductor Manufacturing Co. Stock News

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The latest effort to curb exports of critical technologies comes after reports that a TSMC product was found inside a Huawei AI chip.

The United States has directed Taiwan Semiconductor Manufacturing Co (ADR) (NYSE:TSM) to stop shipping certain advanced chips to Chinese clients, effective Monday, according to a Reuters exclusive. The US Department of Commerce informed TSMC that export restrictions apply to chips of 7-nanometer or more advanced designs often used in artificial intelligence and graphics processing units.

China's semiconductor index leapt close to a three-year high on Monday on bets a U.S. order halting Taiwan Semiconductor Manufacturing Co's shipments of advanced chips to Chinese customers could accelerate Beijing's self-reliance efforts.

After a chip manufactured by Taiwan Semiconductor Manufacturing Company was found inside a Huawei processor, the US Department of Commerce has ordered the company to halt shipments of advanced chips to Chinese customers, according to a report in Reuters.

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The U.S. ordered Taiwan Semiconductor Manufacturing Co to halt shipments of advanced chips to Chinese customers that are often used in artificial intelligence applications starting Monday, according to a person familiar with the matter.