By Karen Freifeld(Reuters) -Taiwan Semiconductor Manufacturing could face a penalty of $1 billion or more to settle a U.S. export control investigation over a chip it made that ended up inside a Huawei AI processor, according to two people familiar with the matter. The U.S. Department of Commerce has been investigating the world’s biggest contract chipmaker’s work for China-based Sophgo, ...
By Jihoon Lee and Heekyong YangSEOUL (Reuters) -South Korea on Wednesday announced emergency support measures for its auto sector, seeking to reduce the blow of U.S. President Donald Trump’s tariffs on a sector that has seen years of sharply rising exports to the United States.The measures include financial support for the auto industry as well as tax cuts and subsidies to boost domestic demand, ...
TAIPEI (Reuters) - Taiwan’s hopes that it can come to a quick agreement with the United States to resolve the tariffs issue and last weekend already approached Washington to discuss the issue, a senior Taiwanese official said on Wednesday.Taiwan has responded to U.S. President Donald Trump’s 32% tariff on island with an offer of zero tariffs, more investment in the country and purchases from i ...
TOKYO (Reuters) -Japan’s Nikkei share average fell in a broad sell-off on Wednesday, tracking Wall Street’s overnight declines on worries about slowing growth as the trade war between the United States and China intensified.The Nikkei index fell 2.62% to 32,147.04 by the midday break, recovering from an earlier drop of nearly 4%.The broader Topix fell 2.1% to 2,380.84. The index swung wildly t ...