Taiwan’s TSMC says to comply with export control rules on Russia By Reuters

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© Reuters. FILE PHOTO: The logo of Taiwan Semiconductor Manufacturing Co (TSMC) is pictured at its headquarters, in Hsinchu, Taiwan, January 19, 2021. REUTERS/Ann Wang

TAIPEI (Reuters) – Chipmaker TSMC is fully committed to complying with new export control rules, the company said on Friday, after Taiwan’s government said it would join international sanctions on Russia for invading Ukraine.

“TSMC complies with all applicable laws and regulations and is fully committed to complying with the new export control rules announced,” it said in a statement.

“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.”

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© Reuters. FILE PHOTO: The logo of Taiwan Semiconductor Manufacturing Co (TSMC) is pictured at its headquarters, in Hsinchu, Taiwan, January 19, 2021. REUTERS/Ann Wang

TAIPEI (Reuters) – Chipmaker TSMC is fully committed to complying with new export control rules, the company said on Friday, after Taiwan’s government said it would join international sanctions on Russia for invading Ukraine.

“TSMC complies with all applicable laws and regulations and is fully committed to complying with the new export control rules announced,” it said in a statement.

“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.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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