Taiwan denies restrictions on chip exports to China

Imports and Exports | | MIC Customs Solutions |

There is uncertainty over news that the US wants to curb semiconductor exports from Taiwan to China.

Taiwan has denied it is being pressured by the US government into halting the supply of electronic chips to Chinese tech firm Huawei.

According to a recent Financial Times report, the Trump administration told Taiwanese diplomats that chips produced by the Taiwan Semiconductor Manufacturing Company (TSMC) should not be sent to Huawei because it was using the products in rockets being aimed at Taiwan.

A security analyst was quoted as saying the US is currently taking a hard look at all forms of advanced chips being exported from Taiwan and Japan to China and South Korea.

According to figures from Credit Suisse, China accounted for 20 per cent of TSMC's revenues for the third quarter of 2019.

However, Bloomberg has now reported a denial from the Taiwanese government that the US has exerted any such pressure to reduce exports.

Spokesperson Kolas Yotaka told the news provider: "Our government has not received any request from the US government to stop TSMC from supplying Huawei."

A statement from the office of Taiwan's president Tsai Ing-wen insisted: "Taiwan's technology industry strictly respects international rules and continues to cooperate with major countries, including the US."