Apple Supplier TSMC warns that Trade Tensions could disrupt Supply of key Chip Equipment
Taiwan Semiconductor Manufacturing Co., the world’s largest contract chipmaker, warned for the first time that trade tensions may disrupt its access to key production equipment and hit its operations, amid increasing friction between the U.S. and China.
The Bloomberg report noted that "The company, which produces semiconductors for Apple Inc. and other major global tech companies, said in its annual report released on Friday that "ongoing trade tensions or protectionist measures could result in increased prices for, or even unavailability of, key equipment." It pointed to factors such as delays or denials of export licenses, additional export control measures, and other tariff or non-tariff barriers." Below is the full statement from TSMC's U.S. SEC Form 20-F filing on this point: