- Chipmaker Taiwan Semiconductor Manufacturing Co Ltd TSM expressed its commitment to Taiwan's new export control rules, Reuters reports. Taiwan's government said it would join international sanctions on Russia.
- "The company also has a rigorous export control system in place, including a robust assessment and review process to ensure export control restrictions are followed."
- Taiwan has joined Japan and Singapore in backing U.S. President Joe Biden's plan to impose extreme export controls on technology to Russia.
- Price Action: TSM shares traded lower by 0.82% at $110.97 on the last check Friday.
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