U.S. House Committee On China Chair Demands Answers From Commerce Dept And TSMC Regarding TSMC Chip Found In Huawei Device
Portfolio Pulse from Benzinga Newsdesk
The U.S. House Committee on China is seeking answers from the Commerce Department and TSMC regarding a TSMC chip found in a Huawei device, as reported by Reuters.
October 23, 2024 | 7:04 pm
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TSMC is under scrutiny by the U.S. House Committee on China for a chip found in a Huawei device, raising potential regulatory concerns.
The involvement of TSMC in a Huawei device could lead to regulatory challenges, especially given the sensitive nature of U.S.-China relations. This scrutiny may affect TSMC's operations and investor sentiment negatively in the short term.
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