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Benzinga
Benzinga
Business
Anusuya Lahiri

Taiwan Semiconductor Faces New Export Curbs As US Revokes Nanjing Authorization

Taiwan Semiconductor Semiconductor Nanjing Taiwan United States Taiwan Semiconductor Manufacturing Co TSM SK Hynix China Samsung
Taiwan Semiconductor Manufacturing Co.

The U.S. has revoked Taiwan Semiconductor Manufacturing Co.’s (NYSE:TSM) authorization to freely ship critical equipment to its Nanjing, China, facility.

American officials informed the contract chipmaker that they will end Nanjing’s Validated End User (VEU) status, aligning with similar actions against Samsung Electronics (OTC:SSNLF) and SK Hynix.

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