Taiwan Semiconductor Manufacturing faces further controls on its business with China but looks to be making progress on U.S. chip production.

Taiwan has officially placed two of China’s most prominent technology firms, Huawei and Semiconductor Manufacturing International Corporation (SMIC) on its strategic export control list.

Semiconductor Manufacturing International Corp. is an investment holding company, which engages in the computer-aided design, manufacturing, testing, packaging, and trading of integrated circuits.

Semiconductor Manufacturing International Corporation, an investment holding company, engages in the manufacture, testing, and sale of integrated circuits wafer and various compound semiconductors ...

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Huawei, which is at the centre of China's AI ambitions, is on a U.S. Commerce Department trade list that essentially bars it from receiving U.S. goods and technology, as well as foreign-made goods such as chips from companies like TSMC made with U.S. technology.