Washington’s latest move marks another development in the ever-intensifying tech race between the rival superpowers.

The companies will now need to obtain licences to buy equipment for China, affecting sales and potentially aiding Chinese manufacturers.

Washington’s latest move marks another development in the ever-intensifying tech race between the rival superpowers.

TSMC, along with SK Hynix and Samsung Electronics, are losing waivers that allowed them export chipmaking equipment to manufacturing plants in China.