War in Ukraine: Taiwan Says Chip Companies Complying with Russia Export Controls

Taiwan’s semiconductor companies are complying with government export controls to Russia, put in place as part of sanctions on Moscow for invading Ukraine, the Economy Ministry said on Sunday. Taiwan, which announced it was joining international sanctions against Russia on Friday, is a major chip manufacturer, home to the world’s largest contract chip maker and Asia’s most valuable listed company, TSMC.

ALSO READ: War in Ukraine: How Meta, Google and Other Tech Giants Are ‘Combating’ False Narrative

The Economy Ministry said it was following the Wassenaar Arrangement on export controls for weapons and dual-use goods and technologies, signed in 1996 by 42 countries, to strictly scrutinise products sent to Russia.

“Domestic semiconductor manufacturers have also expressed that they will abide by the laws and closely cooperate with government measures,” it added, without elaborating.

TSMC said last week it would comply with all export control rules. It declined further comment on Sunday. Taiwan, claimed by China as its own territory and so excluded from most international bodies and agreements, is not a signatory to the Wassenaar Arrangement. But the government likes to show they are a responsible member of the international community in following measures such as United Nations sanctions on North Korea for its missile and nuclear tests.

Watch Video: Dell Inspiron 14 2-in-1 (5410) Review: Solid Productivity-Focused Laptop

Taiwan’s exports to Russia are minimal. Taiwan expects little impact from the war in Ukraine on the supply of key raw materials for semiconductors, the government said on Saturday.

Read all the Latest News, Breaking News and Assembly Elections Live Updates here.

For all the latest Technology News Click Here 

Read original article here

Denial of responsibility! TechAI is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.