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Taiwan says it will ask chip companies to help alleviate Reuters’ auto chip shortage

© Reuters.Hsinchu’s Taiwan Semiconductor Manufacturing Co (TSMC) logo

Taipei (Reuters)-Taiwan’s Ministry of Economic Affairs said on Sunday that it had asked local tech companies to provide “full support” in response to a request to alleviate the chip shortage in the automotive sector through diplomatic routes.

Automakers around the world are closing their assembly lines due to a global shortage of semiconductors, according to industry insiders. This can be exacerbated by the actions of the former Trump administration on China’s major chip factories.

The shortage is Ford Motor (NYSE :) Co, Subaru (OTC :) Corp, Toyota Motor (NYSE :) Corp, Volkswagen (DE :), Nissan (OTC :) Motor Co Ltd, Fiat Chrysler Automobiles and other car manufacturers.

The Taiwanese government, home of Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC), the world’s largest contract chip maker, said it had been contacted by a foreign government on this issue.

After the media reported that Germany’s economic minister, Peter Altmaier, wrote to the Taiwanese government about the issue, the Ministry of Economy said, “Since the end of last year, due to a shortage of car chips, diplomatic channels have certainly requested from the countries concerned. I have received it. ” ..

The ministry said it had not yet received the letter from Germany and could not comment on its contents.

The ministry said that major international car makers are not direct customers of Taiwanese semiconductor chip makers, but other car chip makers order from Taiwanese makers and sell to them.

“The relevant supply and demand situation is also closely related to plans for auto chip factories to reduce inventories during the off-season,” the ministry said.

In response to requests from other countries, he started negotiations with domestic chip suppliers and said, “We asked chip makers for full support.”

In a statement, TSMC said the issue of tip shortages at car companies was very important to them.

“This is our number one priority, and TSMC works closely with automotive customers to resolve capacity support issues,” he said.

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Taiwan says it will ask chip companies to help alleviate Reuters’ auto chip shortage

https://www.investing.com/news/stock-market-news/taiwan-says-asking-chip-firms-to-help-ease-auto-chip-shortage-2397006 Taiwan says it will ask chip companies to help alleviate Reuters’ auto chip shortage

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