The 100-million-people country has only 5,000 to 6,000 trained hardware engineers for the chip sector, against expected demand of 20,000 in five years

The company said it will continue to ship the products in its NXT:2000i and more advanced DUV models, which fell under the restrictions that started on Friday

TSMC has previously blamed a "lack" of skilled workers for the slow pace of the fab's construction and also lobbied to bring more Taiwanese workers to help finish work the site

The more than 300-page document mentioned "PRC" 130 times and "China" 222 times, as it outlined risks and uncertainties emanating from the ongoing chip war between Beijing and the West

A fresh crackdown on the country's medical and pharmaceutical sectors, set to last a year, has convinced investors that it may be best to buy the state and sell private sector holdings

The 500,000-square-foot campus, set to be built in the tech hub of Bengaluru, will be the US chipmaker's largest in the world

The unprecedented oversupply of commodity chips has lingered since last year, and added to woes of an industry that was battling a Covid-induced shortage until the first half of 2022

The world's largest contract chipmaker said last week it was unable to fulfil customer demand driven by the surge in AI services

The chip industry is keen to protect its profits in China as the Biden administration considers another round of restrictions on chip exports to the world's second-largest economy

Regulators say the measures will not apply to firms who don't intend to offer their generative AI services to the Chinese public to encourage development of the technology

Investors are now hoping the strict rules that have stymied growth since late 2020 will start to ease, after China's central bank slapped a nearly $1 billion fine on Ant Group

Explaining its breakup with Vedanta, Foxconn said "there was recognition from both sides that the project was not moving fast enough"