Why Taiwan Semiconductor Stock Fell Today
Shares of Taiwan Semiconductor (NYSE: TSM), a semiconductor manufacturer, fell today after Reuters reported that the U.S. Commerce Department told the company to stop sending its advanced chips to China, effective immediately.
TSM's stock was down by 3.56% as of 4 p.m. ET.
The U.S. government has been cracking down on chipmakers exporting processors to China that are used for artificial intelligence (AI), but some chips have slipped through the cracks. Last month, TSM said one of its processors had somehow ended up in a Huawei AI data center. Huawei is a Chinese company that's on a trade restriction list.
Source Fool.com
