<ul><li>Taiwan Semiconductor Manufacturing Company (TSMC) could face a fine of over $1 billion by the US Commerce Department due to allegedly providing a chiplet to Huawei, which violated export control regulations.</li><li>The fine is a result of regulations allowing penalties up to twice the value of transactions that violate export control rules.</li><li>TSMC was investigated regarding its work for Chinese chip designer Sophgo and suspended shipments when it discovered the chip it supplied was part of Huawei's HiSilicon Ascend 910 series.</li><li>The potential fine comes amid strained relations between TSMC and the US, with former President Trump imposing tariffs on imports from Taiwan.</li></ul>

TSMC faces $1 billion U.S. fine over chip used in Huawei processor

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