TSMC ramps up auto chip production as carmakers wrestle with shortages

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TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co Ltd (TSMC) is “expediting” auto-related products through its wafer fabs and reallocating wafer capacity, the company said on Thursday, amid a global shortage of auto chips.
Automakers around the world are shutting assembly lines due to the shortages, which in some cases have been exacerbated by the former U.S. administration’s actions against Chinese chip factories.
Taiwan’s economy minister on Wednesday said major Taiwanese chipmakers were willing to prioritise supplies for automakers, after she met senior company executives including from TSMC.
In a statement, TSMC said it was addressing the chip supply “challenges” as their top priority.
“The automotive supply chain is long and complex and we have worked with our automotive customers and identified their critical needs,” the world’s largest contract chipmaker …

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