Taiwan Semiconductor Manufacturing Company (TSMC) may have to pay a fine of $1 billion or more to resolve a U.S. export control investigation related to a

This fine will reportedly be in the form of a settlement the semiconductor giant will have to pay as a result of the US Department of Commerce's alleged investigation into whether it has broken export rules by making chips that end up in Chinese company Huawei's hands.

The US$1 billion-plus potential penalty came from export control regulations allowing for a fine of up to twice the value of transactions that violated the rules, the sources said