• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

China says TSMC chip curbs undermine interests of Taiwan companies

by November 13, 2024
written by November 13, 2024

HONG KONG (Reuters) – China’s Taiwan Affairs Office said on Wednesday that a U.S. order to Taiwan Semiconductor Manufacturing Co to halt shipments of advanced chips to some Chinese customers – as reported by Reuters – proved that the United States was “playing the Taiwan card” to raise tensions in the Taiwan Straits.

Zhu Fenglian, spokeswoman for China’s Taiwan Affairs Office, said the United States aimed to worsen the situation with Taiwan and that such a move undermined the interests of Taiwanese companies. She was asked about the reports at a news conference.

The comments are the first official response from China after Reuters reported on Sunday that the U.S. had ordered TSMC to do so. TSMC halted the shipments from Monday, a source familiar with the matter had said.

The chips are often used in artificial intelligence applications and comes as both Republican and Democratic lawmakers have raised concerns about the inadequacy of export controls on China and the Commerce Department’s enforcement of them.

TSMC a few weeks ago notified the U.S. Commerce Department that one of its chips had been found in a Huawei AI processor.

Chinese tech giant Huawei, at the center of the U.S. action, is on a restricted trade list, which requires suppliers to obtain licenses to ship any goods or technology to the company.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Asia fund managers remain bullish on Japan, turn balanced on China- BofA survey
next post
Seven & i considering launching management buyout, Nikkei and Bloomberg say

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Sign up and get the scoop before anyone else—fresh updates, and secret deals, all wrapped up just for you. We're talking juicy tips, fun surprises, and invites to events you actually want to go to. Don’t just watch from the sidelines—jump in and be part of the magic!








    By signing up, you're cool with getting emails from us. Don’t worry — your info stays safe, sound, and strictly confidential. No spam, no funny business. Just the good stuff.

    Recent Posts

    • Elon Musk’s SpaceX acquires xAI

      February 25, 2026
    • The architect of Amazon’s supply chain on running a startup with your spouse

      February 25, 2026
    • Trump administration alleges Nike discriminated against white workers

      February 25, 2026
    • Landmark trial accusing social media companies of addicting children to their platforms begins

      February 25, 2026

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (688)
    • Stock (6,426)

    Latest News

    • Elon Musk’s SpaceX acquires xAI
    • The architect of Amazon’s supply chain on running a startup with your spouse

    Popular News

    • After-hours movers: Cisco, DLocal, CNH Industrial and more
    • AMC is poised to ride the box office rebound, as long as its debt doesn’t get in the way

    About The Significant deals

    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy