Huawei and SMIC hit by new Taiwanese export controls. Taiwan’s International Trade Administration added both companies and their subsidiaries to a restricted list for strategic high-tech goods. Taiwanese firms now need government approval before shipping tech or materials to them.
This move cuts off access to Taiwan’s key semiconductor plant construction technologies and equipment. It could stall China’s ambitions in building advanced AI chips, Bloomberg reports.
The restrictions came as part of a wider update on June 10, placing over 600 entities from Russia, Pakistan, Iran, Myanmar, and mainland China under new export controls. 
Taiwan’s trade administration said this was to fight arms proliferation and protect national security.
“On June 10, we added some 601 entities from Russia, Pakistan, Iran, Myanmar and mainland China including Huawei and SMIC to the entity list to combat arms proliferation and address other national security concerns,” the trade administration said in a statement.
