Taiwan is investigating four Taiwanese companies for potentially violating US sanctions and its own investment rules by providing services to Chinese companies involved in building chip factories for Huawei. The companies, including Huawei, have been accused of illegally exporting semiconductor materials and equipment to China. The companies deny the allegations and claim they were only involved in approved activities. Taiwanese companies are closely integrated into China's supply chains but the government does not allow its most advanced technology to be produced there. The investigation comes amid increasing military pressure from China and as Taiwan's presidential election approaches.
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00:00 It's Benzinga and here's what's on the block.
00:03 Taiwan is probing four Taiwanese firms, including Huawei, over possible breaches of US sanctions
00:07 and local investment regulations.
00:09 These companies are accused of exporting semiconductor materials and equipment to Chinese firms involving
00:14 in chip factory construction for Huawei.
00:17 They deny wrongdoings, say that their involvement was within the approved activities.
00:21 Despite close ties to China's supply chains, Taiwan restrictions advanced technology production
00:25 in China.
00:26 This inquiries coincides with growing military pressure from China and the upcoming presidential
00:31 election in Taiwan.
00:32 For all things money, visit Benzinga.com.
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