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TSMC (Taiwan Semiconductor Manufacturing Co Ltd) is a Taiwanese company and the world's biggest contract chipmaker that was the key Huawei supplier.
Nvidia surpassed Intel, and now it became the third-largest semiconductor in the world, with its $250 billion market capitalization.
Termination of cooperation between Huawei and TSMC is disadvantageous for both companies. TSMC will lose a large client, which brought about 15-20% of annual revenue. Huawei is losing access to major manufacturer's facilities.
Taiwanese company TSMC, the largest manufacturer of semiconductor products, has stopped accepting new orders from Huawei Technologies. The decision was made due to the new requirements of the U.S laws.