The logo for Taiwan Semiconductor Manufacturing Company is displayed connected a surface connected the level of the New York Stock Exchange connected Sept. 26, 2023.
Brendan Mcdermid | Reuters
Taiwan Semiconductor Manufacturing Company has denied that the U.S. was investigating its dealings with Chinese tech institution Huawei, pursuing reports that its chips were recovered successful the Shenzhen-based firm's products.
"TSMC is simply a law-abiding institution and we are committed to complying with each applicable rules and regulations, including applicable export controls," a institution spokesperson told CNBC successful a connection connected Wednesday.
Tech-focused work The Information had reported past week that the Commerce Department was probing whether TSMC had been making AI oregon smartphone chips for Huawei, successful usurpation of U.S. export rules.
"We proactively pass with the U.S. Commerce Department regarding the substance successful the report. We are not alert of TSMC being the taxable of immoderate probe astatine this time," the TSMC spokesperson added.
Huawei was placed connected a U.S. trade blacklist successful May 2019 implicit nationalist information concerns.
TSMC, which is the world's largest declaration spot manufacturer, said that it has not supplied chips to Huawei since mid-September 2020.
Separately, Reuters reported Tuesday that 1 of TSMC's chips had precocious been recovered successful a Huawei product, indicating imaginable export violations and prompting the spot shaper to notify the Commerce Department.
Citing anonymous sources, the study claimed the find was made aft tech probe steadfast TechInsights took isolated a Huawei merchandise and recovered a TSMC spot arsenic portion of its multi-chip system.
TechInsights has yet to merchandise a nationalist study connected its findings and has not yet responded to a petition for remark from CNBC.
TSMC declined to remark further connected the circumstantial claims made successful the Reuters report.
There has been renewed attraction connected Huawei and its entree to precocious semiconductor tech since it released a smartphone containing a 5G chip, a exertion that the U.S. had sought to restrict the institution from accessing.
The U.S. Commerce Department and Huawei did not instantly respond to requests for comment.
TSMC's shares fell 1.4% connected Wednesday.
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