Taiwanese semiconductor companies attach "great importance" to complying with the law, the island's government said on Saturday, signalling they would comply with new US export controls that aim to hobble China's chip industry.
The rules announced Friday by President Joe Biden's administration include a measure to cut China off from certain chips made anywhere in the world with US equipment, vastly expanding its reach in its bid to slow Beijing's technological and military advances.
In a statement in response to the US announcement, Taiwan's Economy Ministry said Taiwanese firms were law-abiding.
"Taiwan's semiconductor industry has long served global customers and attaches great importance to compliance with laws," it said.
"In addition to complying with domestic laws and regulations, it will also cooperate with the needs of international customers who place orders and the norms of customers in their countries.
Taiwan Economy Minister Wang Mei-hua will visit the United States next week to respond to what her office called "concerns" about supply chains and geopolitical issues. She will visit US tech firms that are major customers of Taiwanese semiconductor companies.
