Taiwan Semiconductor Manufacturing Company (TSMC) may have to pay a fine of $1 billion or more to resolve a U.S. export control investigation related to a

This fine will reportedly be in the form of a settlement the semiconductor giant will have to pay as a result of the US Department of Commerce's alleged investigation into whether it has broken export rules by making chips that end up in Chinese company Huawei's hands.

Taiwan Semiconductor Manufacturing Company could face $1 billion or more in fines to settle an investigation of a possible violation of U.S. export controls, Reuters reported Tuesday.