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TSMC makes up order book after losing Huawei business
- Tuesday | 23rd June, 2020
TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co – TSMC – has made up its order book with other customers now that it has lost China’s Huawei Technologies Co Ltd, which is subject to US sales restrictions, a government minister said on Monday. “The United States has not asked Taiwan to cut off all ties with China. The main reason the United States has targeted Huawei is because it was not transparent and had too close a relationship with the Chinese government, he added, charges the company has denied. “As for TSMC, although their orders no longer have Huawei, they’ve quickly been filled up, as other people really need them,” Kung said, without elaborating. The chairman of TSMC, a supplier to US tech giants such as Apple Inc, said this month the firm could quickly fill any order gap should US curbs prevent sales to Huawei.
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