Taiwan Semiconductor Manufacturing Co Ltd (TSMC) is among several companies that the U.S. has asked to volunteer information so it can better understand the global chip shortage
Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world’s largest contract chipmaker, said on Monday it had not disclosed detailed information on clients in its response to a U.S. chip data request.
TSMC is among several companies, including South Korea’s Samsung Electronics and SK Hynix that the U.S. government has asked to volunteer information so it can better understand the global chip shortage. It has set a Nov. 8 deadline for submission of the information.
But the U.S. request has triggered industry concerns on trade secrets. The South Korean firms – the world’s two biggest makers of memory chips – plan to leave out detailed information when supplying Washington with data, two sources said last week.
TSMC, a major Apple Inc supplier, said it had responded to the U.S. request to help address the semiconductor shortage that has disrupted production for car makers and consumer electronics suppliers.
TSMC said it remained “committed to protecting our customers’ confidentiality as always, ensuring no customer-specific information is disclosed in the response”.
It did not give any further detail.
U.S. Secretary of Commerce Gina Raimondo in September said the request for information was aimed at boosting supply chain transparency. She warned if companies did not answer the call “then we have other tools in our tool box that require them to give us data”.
Tech powerhouse Taiwan has said it was doing all it could to resolve the chip shortage. TSMC has pledged to spend $100 billion over the next three years to expand chip capacity.
Taiwan’s government said it respects U.S. commercial law but that it would back domestic firms if they receive any “unreasonable requests”.
The articles are for information purposes only and Precise Investors shall not be held responsible for any errors, omissions or inaccuracies within it. Any rules or regulations mentioned within the website are those relevant at the time of publication and may not be the most up-to-date.
Precise Investors does not endorse any of the products or services that appear on it or are linked to it and are not liable for any action that you may take as a result of the content of this website, or losses or damage you may incur doing so.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.
Please remember that investments of any type may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.