https://wccftech.com/tsmc-huawei-arizona-fab/

Speaking at the Taiwan Semiconductor Manufacturing Corporation (TSMC)'s annual shareholder meeting in Hsinchu, Taiwan today, the company's chairman Dr. Mark Liu shared important details about the fab's current operating environment after it was thrust in the middle of an escalating trade war between the United States and China.  As the U.S. Department of Commerce expanded the scope of its powers by limiting TSMC's ability to sell semiconductors to Huawei. The American government was able to achieve this due to the fact that chip fabrication equipment is manufactured in America, and the move raised questions about TSMC's chances of sufficiently replacing revenue streams lost from the company being unable to do business with Huawei.

At today's shareholder meeting, Dr. Liu has provided more information regarding this and other important matters for his company. As per the executive, TSMC will find it easy to replace the orders that it will lose from Huawei.