Taiwan fears impact of US chip restrictions

On the lookout: The founder of TSMC Morris Chang speaking at a news conference in Bangkok. The company is at the centre of Taiwan’s chip supply chain and is in the process of setting up a chip fabrication facility in the US. — Reuters

TAIPEI: Taiwan’s semiconductor industry may be impacted by recent United States moves to reduce reliance on the island’s leading-edge technology, a Taiwanese economic official says.

A recently passed US semiconductor law, along with a similar proposal in Europe, “could directly and indirectly affect exports of crucial industries in Taiwan,” said Tsai Yu-tai, head of statistics for the directorate-general of Budget, Accounting and Statistics.