TSMC has no plans to continue supplying Huawei after September 14, the company said today in an investor meeting on its second-quarter results.
The new restrictions on Huawei announced by the U.S. Commerce Department on May 15 will officially take effect on September 15.
TSMC today released its financial results for the second quarter of fiscal 2020, which ended June 30.
According to the results, TSMC's Q2 revenue was NT$310.699 billion (US$10.540 billion). This represents an increase of 28.9% from $240.999 billion in the same period of the previous year.
Net profit was NT$120.822 billion (US$4.099 billion), up 81.0% from the same period a year earlier.
It was previously reported that TSMC had made a submission to the U.S. to continue supplying Huawei after the grace period, and TSMC didn't make a comment on this.
Huawei, for its part, has begun to lay out suppliers within the mainland, shifting its chip production to the mainland's largest manufacturer, SMIC.
