Taiwan Semiconductor Manufacturing Says Not Aware Of TSMC Being Subject Of Any Investigation At This Time; Has Not Supplied To Huawei Since Mid-September 2020
Portfolio Pulse from Benzinga Newsdesk
Taiwan Semiconductor Manufacturing (TSMC) states it is not aware of being under any investigation and confirms it has not supplied to Huawei since mid-September 2020.
October 22, 2024 | 1:54 pm
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TSMC clarifies it is not under investigation and has not supplied to Huawei since mid-September 2020, which may alleviate investor concerns about regulatory issues.
The statement from TSMC addresses potential investor concerns about regulatory scrutiny and compliance with US restrictions on Huawei. This clarification may stabilize investor sentiment, but it does not introduce new growth catalysts, hence a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100