Core Viewpoint - TSMC has halted shipments to a client after its chips were discovered in Huawei products, raising concerns about compliance with US export controls and the existence of a "shadow network" for chip supply [1][4][6]. TSMC's Actions - TSMC stopped all shipments to Huawei after September 15, 2020, and has communicated with the US Commerce Department regarding the situation [5][6]. - The company claims to be law-abiding and committed to complying with all applicable rules and regulations, including export controls [6]. Regulatory Context - TSMC and other chipmakers are prohibited from doing business with Huawei without US government approval due to sanctions aimed at limiting Huawei's technological capabilities, particularly in 5G and AI [4][10]. - The US Commerce Department is aware of reports alleging potential violations of export controls and is investigating TSMC's compliance [10]. Industry Implications - The incident raises questions about supply chain transparency and could lead to increased scrutiny of export controls and supply chains for companies involved in sensitive technology [4][8][9]. - Analysts express concern that if TSMC is found to have breached export controls, it could face penalties affecting its access to US technology, impacting major clients like Apple and Nvidia [9]. Shadow Network Concerns - The situation highlights the potential existence of a "shadow network" through which Huawei may be obtaining advanced chips despite being blacklisted since 2020 [6][11]. - Researchers emphasize the need for better understanding of Huawei's network to improve due diligence and prevent similar issues for other chip manufacturers [6][7].

Boeing reported a huge loss, and its striking union rejected a fresh contract offer on Wednesday.CEO Kelly Ortberg has vowed to turn around the company and laid out a four-point plan.Analysts are optimistic that Boeing can increase production and move forward. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalize ...

Boeing has recorded another $250 million loss on its Starliner program.New CEO Kelly Ortberg said Boeing will not walk away from its loss-making contracts.Boeing has lost $1.85 billion on the Starliner program to date. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email a ...

Tesla's Q3 earnings beat expectations, boosting stock after the Robotaxi announcement's disappointment.Strong margins and an uptick in 2024 sales growth buoyed investors' take on Tesla.Analysts said they're looking at fundamentals of Tesla's car business. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized fee ...

Boeing workers just rejected a proposal with a 35% wage increase over four years.The strike has halted most of Boeing's manufacturing for over five weeks.Boeing's earnings missed analyst expectations by over 18% amid the ongoing strike. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on t ...

Apple is cutting Vision Pro production, possibly halting it by year-end, The Information reported.Demand for the $3,500 devices has been weak, said analyst William Kerwin.Apple may be developing a cheaper, smaller headset to boost consumer interest. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed whil ...

Tesla's Cybertruck turned a profit in under a year. That's a big deal for Elon Musk as he enters the pickup truck market.More affordable Cybertruck trims will still be crucial to long-term success. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By clicki ...

Boeing's new CEO plans to change the company culture by placing executives on factory floors.This strategy aims to address safety, communication, and trust in Boeing.One analyst said Boeing should have always been connecting its top managers with employees. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized f ...

McDonald's shared more insights Wednesday into its investigation into a deadly E. coli outbreak. Executives said its investigation suggested the outbreak differed from what Chipotle faced in 2015. McDonald's said early indicators suggest slivered onions as a likely potential containment, but it couldn't rule out fresh beef. Insider Today Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Bull Thanks for signing up! Go to newsletter prefe ...

Boeing's CEO revealed a 4-part turnaround plan on Wednesday. In a memo to employees, he promised improved culture and better execution. The struggling planemaker is facing a machinists strike that could end Wednesday. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email a ...