Taiwan Semiconductor Manufacturing could face a fine of $1B or more to settle a U.S. export control investigation over a chip it made that ended up inside a Huawei AI processor, two people familiar with the matter told Reuters’ Karen Freifeld.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TSM:
- TSMC could face fine of $1B or more from U.S. Huawei probe, Reuters says
- TSMC Stock Tumbles as Trump Tariffs Spark Geopolitical Trade War
- White House orders federal agencies develop AI strategies, Reuters says
- Intel Stock (NASDAQ:INTC) Slides as CPU-Z Stats Show Substantial Sales Decline
- Nvidia Faces Short-Term Headwinds Despite Bullish Growth Forecasts