Washington has also banned beneficiaries of the $39bn CHIPS and Science Act from using the cash for share buybacks

The decision by the world’s largest contract chipmaker could help Japan revive its advanced semiconductor manufacturing

Some TSMC staff said they were reluctant to move to the US due to “potential culture clashes” and concerns around “difficult to manage” American workers

China is boosting its own semiconductor sector and clean energy sector after being hit by US export controls late last year, the SCMP said

The China business is the exclusive distributor of Arm chip technology in China and develops and sells its own chip designs based on Arm

"The United States is being strict, but there is a question of whether we have to exactly match that," said former economy minister Akira Amari.

Last month, on the heels of an export ban by the US and amid ongoing lay-offs in tech industries across the world, YMTC announced it would dismiss 10% of its staff

Washington hopes to deploy more Western mobile phone networks in India and also welcome more Indian computer chip specialists to the US

Taiwan's export orders are likely to have contracted again in December as the island feels the hit of cooling global demand

Japan is a major supplier of machines used to make leading-edge semiconductors that could come under new restrictions

Europe’s largest technology company said the measures were not expected to have a material impact on its 2023 financial forecasts

Netherlands-based ASML Holding, a key supplier to chipmakers, could see at least some of its $2.4 billion in annual sales to China affected by fresh curbs