Taiwan limits chip supply to China

The world's leading chip manufacturing company, Taiwan Semiconductor Manufacturing Company (TSMC), will limit chip supplies to China due to US sanctions. Nikkei Asia reports this.

Chip production is expected to stop due to the desire to comply with export controls. These restrictions will affect manufacturers in China developing high-performance computing devices, graphics processors and some artificial intelligence-based technologies.

TSMC achieved record profits in the third quarter of this year. The organization's net profit increased by 31.2% to 10.06 billion USD. In annual terms, the increase was 54.2%. In 2023, TSMC becomes the world's largest semiconductor manufacturer by revenue, surpassing Intel and Samsung Electronics for the first time in history.

In May, US Commerce Secretary Gina Raimondo said at a congressional hearing that the US economy is heavily dependent on advanced chips made in Taiwan.