China has blacklisted more than 2,000 Taiwan-made products in the wake of Nancy Pelosi's visit, but the self-ruled island's most important export — microchips — is not one of them.
With a market capitalisation of $US541 billion , it is the 10th-most valuable company in the world and the primary microchip supplier for global leading tech companies, including Apple, Intel, and Advanced Micro Devices .
China's 5G giant Huawei was TSMC's second-largest customer until 2020 when the Trump administration ordered the company, which depends on US chip manufacturing equipment, to stop taking Huawei's orders. In exchange, funding recipients are not allowed to increase semiconductor production in China or any other nations that pose a danger to US national security under the Act.Meanwhile, China has been trying to ramp up production of its own chips at state-owned SMIC in Shanghai.
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