Automakers around the world are closing assembly lines due to the industry’s chip shortage, which in some cases has been exacerbated by the former US administration’s actions against Chinese chip factories.
Taiwan, home to a booming semiconductor industry, is at the center of efforts to address this issue, and its chipmakers are committed to increasing their capacity.
Speaking to CBS 60 Minutes in comments released on Sunday, TSMC chairman Mark Liu said he first heard of the shortages in December and the following month began trying to remove as many chips as possible. for car manufacturers.
“Today, we believe that we are two months ahead, that we can catch up with the minimum required from our customers, before the end of June,” he said.
When asked if he meant the auto chip shortage would end in two months, he said “no”.
“There is a time lag. In automotive chips in particular, the supply chain is long and complex. The supply takes about seven to eight months,” Liu added.
TSMC is the world’s largest contract chip maker.
While the chip shortage began to be felt by automakers, it has since spread to other industries like consumer electronics.