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

TSMC, the world's biggest chip maker, could potentially be on the hook for $1 billion or more according to Reuters which cites "two people familiar with the matter… who requested anonymity because they were not authorized to speak publicly about the matter.

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