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Benzinga
Benzinga
Politics
Anusuya Lahiri

TSMC Will Follow Export Control Rules On Russia

Russia TSM Taiwan Japan Joe Biden NYSE Singapore Taiwan Semiconductor Manufacturing Co Ltd United States
  • Chipmaker Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) expressed its commitment to Taiwan's new export control rules, Reuters reports. Taiwan's government said it would join international sanctions on Russia.
  • "The company also has a rigorous export control system in place, including a robust assessment and review process to ensure export control restrictions are followed."
  • Taiwan has joined Japan and Singapore in backing U.S. President Joe Biden's plan to impose extreme export controls on technology to Russia.
  • Price Action: TSM shares traded lower by 0.82% at $110.97 on the last check Friday.
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