According to Reuters reporting, US officials have ordered Taiwan Semiconductor Manufacturing Company (TSM) to halt sales of its artificial intelligence (AI) chips to China. The Department of Commerce has imposed export restrictions on chips that go into building AI accelerator and graphics processing units (GPU), according to the Reuters source.

TSMC had reportedly halted sales to China-based Sophgo in late October after discovering one of its chips featured in Huawei's AI processor.

Morning Brief hosts Seana Smith and Brad Smith report on this headline.

To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

This post was written by Luke Carberry Mogan.