TSMC shares fall after reports of China iPhone curbs By Reuters

© Reuters. FILE PHOTO: Taiwan Semiconductor Manufacturing Company’s (TSMC) logo is seen while people attend the opening of the TSMC global R&D center in Hsinchu, Taiwan July 28, 2023. REUTERS/Ann Wang/File Photo

TAIPEI (Reuters) – Shares in Taiwan’s TSMC, a major Apple (NASDAQ:) supplier, dropped around 1% on opening on Friday after reports that China has widened curbs on iPhone use by state employees.

The broader index was down around 0.4%.

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