TSMC says US restrictions will stop mining chip foundry

TSMC has responded for the first time to the new chip outsourcing regulations introduced in the United States. On the afternoon of January 16, at TSMC's Q4 2024 earnings conference, TSMC Chairman and CEO Wei Zhejia stated that they are applying for special licenses for restricted customers and expect that the outsourcing of specialized chips for automobiles and mining will not be affected.