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Benzinga

Politics

Anusuya Lahiri

TSMC Will Follow Export Control Rules On Russia

Russia TSM Taiwan Japan Joe Biden NYSE Singapore Taiwan Semiconductor Manufacturing Co Ltd United States

Chipmaker Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) expressed its commitment to Taiwan's new export control rules, Reuters reports. Taiwan's government said it would join international sanctions on Russia.
"The company also has a rigorous export control system in place, including a robust assessment and review process to ensure export control restrictions are followed."
Taiwan has joined Japan and Singapore in backing U.S. President Joe Biden's plan to impose extreme export controls on technology to Russia.
Price Action: TSM shares traded lower by 0.82% at $110.97 on the last check Friday.

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