On October 13, 2025, Taiwan's Ministry of Economic Affairs stated that China's expanded export controls on certain rare earth elements are not expected to have a significant impact on the island's semiconductor industry, including its largest chipmaker, TSMC. The ministry clarified that the specific rare earths targeted by Beijing's new restrictions are different from those essential for Taiwan's chip manufacturing processes. Furthermore, it was noted that Taiwan primarily sources its required rare earth materials from Europe, the United States, and Japan. This announcement comes amidst a volatile market environment shaped by escalating US-China trade tensions, with investors closely watching the world's largest chip manufacturer. The news also coincided with reports of AMD becoming the first customer for TSMC's 2-nanometer process as part of a major deal with OpenAI, highlighting continued strong demand for TSMC's advanced technology.