Taiwan chip companies head to Japan, as moving away from China advances

News Snapshot:

Several Taiwanese chip companies are heading to Japan, not only to help Taiwan Semiconductor Manufacturing's (NYSE:TSM) second plant, but also due to positive signs from the Asian country as it tries to expand its semiconductor industry, Reuters reported. The growing tussle between the U.S. and China over technology supremacy has led to shifting alliances and priorities in the global chip industry. Last year, the U.S. brought in new updates to its export restrictions which curbed the sale of certain chips — such as those made by Nvidia for the Chinese market, the A800 and H800 chips — as part of...