The issue of export control restrictions on US nationals or green card holders working in/with China-listed “entity” companies is not new. Rules and regulations have existed governing the duties and obligations of a US person (defined as a US citizen, permanent resident or US entity) working as an employee, board adviser or third-party contractor (including a lawyer) for any China entity placed on a restricted list maintained by: (1) US Defense Department; or (2) BIS (Bureau of Industry and Security) Entities.

LED packaging service provider Everlight Electronics had consolidated revenues of NT$15.390 billion (US$513 million) for the first three quarters of 2022 slipping 20.12% on year, and is expected to see consolidated revenues for 2022 decrease 15-20% on year, according to industry sources.

Enovix, a designer and manufacturer of next-gen 3D lithium–silicon batteries, lately joined Taiwan industry sector due to its alliance with EDOM Technology. Enovix’s current business is mainly for mobile and wearable devices, while also developing battery technology and production for EV and energy storage markets.