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Old 17-07-2020, 12:05 PM   #1
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TSMC plans to halt chip supplies to Huawei in 2 months

TAIPEI -- Taiwan Semiconductor Manufacturing Co. on Thursday confirmed it has suspended processing new orders from key customer Huawei Technologies to comply with U.S. export regulations, but said it can still achieve more than 20% revenue growth this year thanks to strong demand for 5G smartphones, infrastructure and high-performance computing applications.

"We are complying fully with the new [U.S.] regulations. We did not take any new orders [from Huawei] since May 15," TSMC Chairman Mark Liu told an investors conference.
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