Chip firms in Taiwan are preparing to comply with US export requirements aimed at the Chinese semiconductor industry

Chip firms in Taiwan are preparing to comply with US export requirements aimed at the Chinese semico ...

Taiwanese semiconductor companies attach a "great emphasis" to complying with the law, according to the island''s government on Saturday, signaling that they would comply with new USexport restrictions that aim to disrupt China''s chip industry.

President Joe Biden''s administration announced the following rules: a measure to block China from manufacturing certain chips anywhere in the world, extending its scope in its attempt to reduce Beijing''s technological and military advances.

Taiwan is home to Taiwan Semiconductor Manufacturing Company (TSMC), the world''s largest contract chipmaker, and a major supplier to industries including Apple.

Taiwan''s Economy Ministry said that Taiwanese businesses were law-abiding in a statement based on the USannouncement.

The semiconductor industry in Taiwan has long served global customers and is committed to complying with laws, according to the report.

"In addition to complying with domestic regulations, it will also cooperate with international customers who place orders and the regulations of their customers in the United States."

  • Micron Plans to Build a $100 Billion Semiconductor Plant in New York

Taiwan''s semiconductor industry is a technological leader and continues to "maintain an advantage in the competition for international orders," the ministry said.

The government maintains strong links with manufacturers and supports them in assisting in factory expansion and in supplying products to the world for technological development, according to the ministry.

TSMC declined to comment on the USrules, claiming that it was in its quiet run ahead of quarterly earnings next week. United Microelectronics, a smaller competitor, has declined to comment ahead of its earnings release later this month.

Taiwan has its own concerns about China, especially as Chinese firms to sabotage chip talent and technical knowledge-how. Taiwanese chip investments in China, the island''s largest trading partner, are restrictive.

Taiwan''s fears have risen as China continues regular military drills near the island in an attempt to impose sanctions on the country.

Despite the absence of formal diplomatic contacts, the United States is Taiwan''s most powerful international supporter and weapons supplier.

Wang Mei-hua, Taiwan''s economy minister, will travel to the United States next week to discuss her office''s "concerns" about supply chains and geopolitical issues. She will travel to US technology firms which are leading customers of Taiwanese semiconductor companies.

2022 Thomson Reuters