After averting the risk of a 100% tariff on its chip sales to the US, the world’s largest contract chipmaker now faces the threat of a $1 billion penalty from Washington

Taiwanese officials maintain TSMC won’t begin producing 2nm chips the US before 2028 amid concern that the chipmaker could lose its geopolitical importance

Rumours of TSMC potential tie-up with Intel sparked concern in Taiwan about losing its 'silicon shield' while White House said it was 'unlikely' to hand over American chip facilities to foreigners

Insiders say the White House is concerned about many of the terms underpinning the $39 billion Chips and Science Act industry subsidies

Chinese state media says the development could lead to “overwhelmingly unfavourable consequences” for Taiwan and global chip supply chains

The world's top chipmaker faces limits on what chips it can make in the US at a time when the incoming Trump Administration could put increasing production-related demands on it

The move, which will have far-reaching consequences for China’s semiconductor supply chains and tech giants, came after US officials visited Taiwan last week

TSMC was a key supplier for China's Huawei until 2020 when Washington introduced new rules that barred the firm from continuing to do so

Thousands have been evacuated because of the threat of mudslides and landslides, and almost 40,000 troops were on standby

The tech leader saw orders for telecom products up 16% in August from a year ago, while electronic products rose 13.2%

Top executives from the Taiwanese tech giant were said to be discussing building a factory on a par with some of its biggest home sites

Samsung is struggling to keep up with smaller chip rival SK Hynix, while it’s also facing stiff smartphone competition from Apple and Huawei