Taiwan Signals its Chip Firms Will Follow New U.S. Rules on China

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TAIPEI, Oct 8 (Reuters) – Taiwanese semiconductor companies attach “great importance” to complying with the law, the island’s government said on Saturday, signalling they would comply with new U.S. export controls that aim to hobble China’s chip industry.

The rules announced Friday by President Joe Biden’s administration include a measure to cut China off from certain chips made anywhere in the world with U.S. equipment, vastly expanding its reach in its bid to slow Beijing’s technological and military advances.

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