Taiwan Semiconductor Manufacturing Co. (TSMC) has slashed its capital spending despite posting strong profits, with the company expecting the market to slump in the near future. Capital expenditure (capex) for 2022 was slashed to roughly $36 billion in 2022, down from previous estimates of at least $40 billion. About half of the change is due…
Democrats Drag Feet on China Tech Restrictions
Commentary The Federal Communications Commission (FCC) on June 17 proposed additional restrictions on China’s and Russia’s telecommunications equipment. The FCC voted to explore a ban on all future U.S. company purchases of telecom equipment from corporations that pose a national security risk, including five Chinese companies that the FCC specifically labeled as such: Huawei, ZTE,…
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