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TSMC, Other Taiwanese Chip Companies Complying With Russia Export Controls Amid Ukraine Attack

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Taiwanese semiconductor companies are complying with export controls imposed by the government on Russia as part of sanctions over Moscow’s invasion of Ukraine, Taiwan’s economic ministry said on Sunday.

Taiwan, which announced Friday that it will join international sanctions against Russia, is a major chipmaker with the world’s largest contract chipmaker and Asia’s most valuable listed company, TSMC.

The economy ministry said it was following the Wassenaar Arrangement on Export Controls of Arms and Dual-Use Goods and Technologies signed by 42 countries in 1996 to rigorously test products destined for Russia.

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“Domestic semiconductor manufacturers have also indicated that they will comply with the law and closely cooperate with government measures,” she added, without elaborating.

TSMC said last week that it would comply with all export controls. She declined to comment further on Sunday.

Taiwan, which China claims its own territory and is therefore excluded from most international institutions and agreements, is not a signatory to the Wassenaar Arrangement.

But the government is happy to show that it is a responsible member of the international community by taking measures such as UN sanctions against North Korea for its missile and nuclear tests.

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Taiwan’s exports to Russia are negligible.

The Taiwanese government said Saturday that it expects the war in Ukraine to have little impact on the supply of a key raw material for semiconductors.

Complete News Source : Gadgets360

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