INSUBCONTINENT EXCLUSIVE:
Taiwanese semiconductor companies attach &great importance& to complying with the law, the island&s government said on Saturday, signaling
they would comply with new United States export controls that aim to hobble China&s chip industry.The rules announced Friday by President
Joe Biden&s administration include a measure to cut China off from certain chips made anywhere in the world with United States equipment,
vastly expanding its reach in its bid to slow Beijing&s technological and military advances, AP reported.Taiwan, a major chip producer, is
home to Taiwan Semiconductor Manufacturing Co (TSMC) (2330.TW), the world&s largest contract chipmaker and a major supplier to companies
including Apple Inc (AAPL.O).In a statement in response to the United States announcement, Taiwan&s Economy Ministry said Taiwanese firms
were law-abiding.Taiwan&s semiconductor industry has long served global customers and attaches great importance to compliance with laws,& it
said.In addition to complying with domestic laws and regulations, it will also cooperate with the needs of international customers who place
orders and the norms of customers in their countries.Taiwan&s semiconductor industry is a technological leader and continues to &maintain an
advantage in the competition for international orders&, the ministry said.The government continues to maintain close contact with
manufacturers and supports them in investing in factory expansion and supplying products to the world for technological development, the
ministry said.TSMC declined to comment on the United States rules, saying it was in its quiet period ahead of quarterly earnings next week
Smaller competitor United Microelectronics Corp (2303.TW) also declined comment ahead of its earnings release later this month.Taiwan has
its own concerns about China, especially efforts by Chinese companies to poach chip talent and technical know-how
The government tightly restricts Taiwanese chip investment in China, the island&s largest trading partner.Taiwan&s worries have gained pace
as China mounts regular military drills near the island in an attempt to force it into accepting Beijing&s sovereignty.The United States is
Taiwan&s most important international supporter and arms supplier, despite the absence of formal diplomatic ties.Taiwan Economy Minister
Wang Mei-hua will visit the United States next week to respond to what her office called &concerns& about supply chains and geopolitical
She will visit United States tech firms that are major customers of Taiwanese semiconductor companies.The post Taiwan signals its chip
firms will follow new United States rules on China first appeared on Ariana News.
