TSMC to see near-term ‘operational risk’ after US revokes China equipment waiver

The Nanjing facility of Taiwan Semiconductor Manufacturing Co (TSMC) faces “operational risk within months” but limited potential long-term impact, according to analysts, after the US government recently revoked the chipmaker’s authorisation to freely ship essential equipment to its base in eastern Jiangsu province. The US action, with effect from December 31, rescinded TSMC’s fast track export privilege known as Validated End User (VEU) status, which meant future shipments of US-origin...