Taiwan has placed export controls on Chinese companies Huawei, and SMIC, making it difficult for them to access resources required for building AI chips

Taiwan has added China's Huawei and SMIC to its trade blacklist in a move that further aligns it with U.S. trade policy and comes amid tensions with Beijing.

June 16 (UPI) -- China's tech company Huawei and SMIC, a contract chip manufacturer, have been added to Taiwan's trade blacklist. Taiwan put both of these companies on its strategic high-tech commodities entry list. Huawei and SMIC will now need to get export permits from suppliers in Taiwan to receive manufactured goods.

Orsted, the world's biggest offshore wind developer, will increase investment in Taiwan and South Korea where it has already been awarded projects, instead of expanding to new markets in Asia, a senior company official told Reuters on Monday.

Taiwan has officially placed two of China’s most prominent technology firms, Huawei and Semiconductor Manufacturing International Corporation (SMIC) on its strategic export control list.

Taiwan’s central bank is set to maintain its benchmark interest rate at 2%, opting to hold fire on rate cuts this week and through the first quarter of next year. This comes amid a boom in tech-driven exports and stable economic indicators.

Taiwan develops new sea drones including kamikaze types amid Chinese gray zone warfare, with President Lai seeking bipartisan support for a $13.6 billion special defense budget.

The historic Alishan Forest Railway, once crippled by typhoons and earthquakes, is running again – and is redefining slow travel in Taiwan.

On inflation, Taiwan's consumer price index (CPI) rose by a lower-than-forecast 1.55% in May, its lowest level in more than four years. The central bank, which considers 2% its "warning" line, has made easing inflation a priority.

Taiwan’s Starlux Airlines Co. is nearing an order for almost a dozen Airbus SE widebody jets in a deal worth around $4 billion as it seeks to cement its push into long haul services, according to people familiar with the matter.

We recently published a list of Jim Cramer Wants US To Be “As Good As” Europe & Discusses These 12 Stocks. In this article, we are going to take a look at where Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) stands against other stocks that Jim Cramer discusses.