TSMC might have to fork over $1 billion to the US for allegedly breaking export rules after one of its chips was found in a Huawei processor

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TSMC might have to fork over $1 billion to the US for allegedly breaking export rules after one of its chips was found in a Huawei processor

TSMC, which is the world’s largest chip maker, may be on hook for billion 1 billion or more According to Reuters In which “two people are familiar with the matter … who has requested not to disclose his name because he did not have the authority to talk about the matter publicly.” And although billion is not 1 billion for TSMC, it is also difficult to change.

The penalty is allegedly in the form of a settlement in which semiconductor Dev will have to pay as a result of an alleged investigation by the US Department of Commerce as a result of whether it has broken export rules by making chips in the hands of a Chinese company Huawei.

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