TSMC has denied a report that it is under investigation by the U.S. Commerce department for supposed dealings with Chinese tech company Huawei. The statement comes a day after a separate report claimed that a TSMC chip had been found in a Huawei product.

Taiwan Semiconductor Manufacturing Company notified the U.S. that one of its chips had been found in a Huawei product after tech research firm TechInsights took apart the product, a person familiar with the matter said,

Possible export-controls violation benefiting mainland-based tech titan hit by American sanctions could lead to penalties.