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Top semiconductor firm stops contract production for Chinese clients

Posted On: Oct. 25, 2022 9:47 AM CST

Trade bans

Leading semiconductor chip maker Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) has stopped contract production of high-tech semiconductor chips for some Chinese customers, including Biren Technology, amid the latest U.S. ban on export of chip production equipment to China, Business Korea reported. This decision by TSMC will increase pressure on companies, including chip manufacturers Samsung Electronics Co. Ltd. and SK Hynix Inc., which rely on China for a significant share of their sales.