Taiwan Semiconductor Manufacturing Co (TSMC) has further solidified its dominance in the global pure-play wafer foundry market, growing its market share to 67.6% in the first quarter of this year, according to a report by Taipei-based research firm TrendForce Corp,

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.