Taiwan Semiconductor Manufacturing Already Made up Lost Business From Huawei

Taiwan Semiconductor Manufacturing (NYSE: TSM) has made up its lost business from Huawei after the U.S. government put restrictions on working with the Chinese smartphone maker. 

Kung Ming-hsin, head of the National Development Council in Taiwan told reporters, including Reuters, that while TSM can no longer accept orders from Huawei, the lost business has already been made up from other customers. The government official noted that the U.S. isn't calling on Taiwan to sever its ties with China but is going after Huawei because of a lack of transparency and too tight of a relationship with the Chinese government. 

IMAGE SOURCE: GETTY IMAGES.

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Source Fool.com