Earlier today (14th April 2021), Taiwan said that its chip based firms will comply with the new US regulations, which had Washington add seven Chinese companies into its economic blacklist.
According to a Reuters report, these companies include China based supercomputing firms, which the US Commerce Department said were “involved with building supercomputers used by China’s military actors, its destabilizing military modernization efforts, and/or weapons of mass destruction programs.” For those unaware, blacklisted companies or other firms on the list are required to apply for licenses from the Commerce Department and face strict scrutiny when they seek permissions to receive items from suppliers based in the US.
At the moment, Taiwan is a major supplier of semiconductors for various industries across the globe. Now, Taiwanese Economy Minister Wang Mei-hua stated that the local chip firms will follow US rules and regulations, saying that “Our companies, whether producers or exporters, must accord with our country’s rules. Of course the United States has new rules, and our companies will pay attention and accord with the key criteria of the U.S. rules.”
Notably, the addition of the seven new firms into the blacklist arrives amid rising frictions between China over Taiwan. Furthermore, the tensions are also high amid the global shortage of semiconductors that has affected various industries around the world and disrupted supply chains globally. So stay tuned for more, as we will be providing updates when additional information is available regarding this matter or any other important developments.
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