TSMC might have to fork over $1 billion to the US for allegedly breaking export rules after one of its chips was found in a Huawei processor

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." And although $1 billion isn't make-or-break for TSMC, it's hardly chump change, either.

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...