Apple-Supplier TSMC Agrees to Join Taiwan in Enforcing Sanctions on Russia After Ukraine Invasion

TSMC is one of the largest contract chipmakers in the world.

By Reuters | Updated: 25 February 2022 18:36 IST

Apple-Supplier TSMC Agrees to Join Taiwan in Enforcing Sanctions on Russia After Ukraine Invasion

Taiwan said it would join international sanctions on Russia for invading Ukraine

Highlights

TSMC said to comply with export control rules on Russia
Russia is not a major market for Taiwan's goods
Taiwan's natural gas contract with Russia is due to expire in March

Taiwan will join "democratic countries" in putting sanctions on Russia over the invasion of Ukraine, the government said on Friday, with the world's largest contract chipmaker TSMC adding it would comply with all export control rules.

The crisis is being watched closely in Taiwan, which China claims as its own territory and which has faced increased military pressure from Beijing over the last two years.

"We very harshly condemn such an act of invasion and will join democratic countries to jointly impose sanctions," Premier Su Tseng-chang told reporters in Taipei without giving details.

Ukraine Asks for South Korea Cybersecurity Aid Amid Russia Invasion

Taiwan Economy Minister Wang Mei-hua said the island will "harshly scrutinise" exports to Russia and "coordinate" with unspecified allies on further actions. She also did not elaborate.

The foreign ministry said in a statement the island, which is key to the global semiconductor supply chain, will "coordinate closely with the United States and other like-minded countries to adopt appropriate measures in order to free Ukraine from the horrors of war."

Asked about the sanctions, Taiwan Semiconductor Manufacturing Company Limited (TSMC), a major Apple supplier and Asia's most valuable listed company, said it would follow export control rules.

Poland Sees More Cyberattacks on Government Servers, Official Says

"TSMC complies with all applicable laws and regulations and is fully committed to complying with the new export control rules announced," it said in a statement.

"The company also has a rigorous export control system in place, including a robust assessment and review process to ensure export control restrictions are followed."

Russia is not a major market for Taiwan's goods. Taiwan's trade with Ukraine and Russia each accounted for less than 1 percent of its total, government data showed.

The island's natural gas contract with Russia is due to expire in March and Taiwan will diversify its supplies, the economic ministry said on Thursday.

Su vowed to defend Taiwan's sovereignty and safety and said some "foreign forces" were working to link Taiwan's situation to that in Ukraine, in what Taipei sees as a campaign of "cognitive warfare" and misinformation.

Taiwan's government has said the island and Ukraine are fundamentally different in terms of their geostrategic and geographical environment and importance in international supply chains.

Why is 5G taking so long? We discuss this on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

Affiliate links may be automatically generated - see our ethics statement for details.

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.