Taiwan Semiconductor Manufacturing Company said it alerted the U.S. government to a potential attempt to have it manufacture AI chips for Huawei in a circumvention of export controls, Kathrin Hille of The Financial Times reports. The Information reported last week that the Department of Commerce was investigating if TSMC (TSM) violated U.S. export controls, but TSMC has since said it brought the issue to Washington’s attention itself, the Times said, citing an emailed statement from the company. Two people familiar with the situation said TSMC had recently notified the commerce department after a customer placed orders for a chip that resembled Huawei’s Ascend 910B.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TSM:
- Recent Dip in ASML Stock May Have Created a Buying Opportunity
- Qualcomm’s (QCOM) New Chip to Boost Smartphone AI Capabilities
- Here’s Why Analysts Still Think AMD Is Undervalued
- TSMC Posts Explosive Q3 Earnings, But Is There Room for Further Gain?
- Intel (NASDAQ:INTC) May Sell Its Altera Stake for Billions