00:00TSMC has reportedly decided to remove Chinese equipment from its future chip production
00:04in light of upcoming U.S. restrictions. Nika Asia says TSMC will look for other suppliers
00:10to fall in line with a U.S. bill called the Chip Equip Act. This says foreign chip companies that
00:16receive U.S. funding and tax credits must not use Chinese chipmaking equipment. TSMC is a recipient
00:23of U.S. grants and is looking to reduce its reliance on Chinese suppliers as it prepares
00:28to open more fabs in the U.S. state of Arizona.
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