TSMC Facing USD 1 Billion Fine or More if Found Violating US Export Controls Over Manufacturing Chips for China’s Client Sophgo: Report

TSMC (Taiwan Semiconductor Manufacturing Company), a global semiconductor company, will likely face a fine of up to USD 1 billion if found violating the US chip export controls. According to a report by Reuters, TSMC could face a penalty of USD 1 billion or settle a US export control investigation for a chip it made in China's Sophgo, which ended up in a Huawei AI processor. The report mentioned that TSMC made around 3 million chips. The chip maker said it cooperated with the investigation and denied making chips from Hauwei since mid-September 2020, following US rules. US Tariffs: Donald Trump Imposes 104% Tariff on China; Effective Midnight, Says White House.

TSMC Could Face USD 1 Billion Fine Under US Investigation Over Export Controls

TSMC faces a possible US$1 billion fine if found in violation of US export controls over the manufacture of chips for China client Sophgo, that ended up with blacklisted Huawei, Reuters reports, noting TSMC made nearly 3 million of the chips. TSMC said it is cooperating with the…

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(The above story first appeared on LatestLY on Apr 09, 2025 08:19 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).