TSMC will increase semiconductor chips for cars by 60% this year

Taiwan Semiconductor Manufacturing Co., Ltd (TSMC) said it has increased its production of semiconductor chips for cars in 2021 by 60% from last year, amid a global chip shortage.
The world’s largest contract semiconductor chipmaker TSMC says it has taken “unprecedented actions” to help automakers globally.

TSMC will increase semiconductor chips for cars by 60% this year To do this, TSMC has to reallocate semiconductor chip production capacity to other industries that are also experiencing “stressfully high demand due to the acceleration of digital transformation”. The Taiwanese semiconductor chip maker said: “With fixed short-term capacity, TSMC has been trying to increase production in 2021 for microcontrollers (MCUs), one of the key components in the products sold in China. leading cars by 60% compared to the level in 2020”. This represents a 30% increase from pre-pandemic levels in 2019. TSMC will also continue to work with the automotive supply chain to address the current shortage. Modernizing supply chain management and increasing demand forecasting will be the way to avoid such shortages in the future, TSMC added. The global semiconductor chip shortage, which began last year, has forced some auto production lines to close and is also affecting consumer electronics. TSMC has repeatedly said it is doing its best to address shortages and ramp up production. US Commerce Secretary Gina Raimondo said on May 20 that she had held meetings with 30 senior industry leaders about the semiconductor chip shortage and said the US could help. increase transparency in the market. This meeting was attended by major automakers such as General Motors, Ford Motor, Stellantis NV, semiconductor chip suppliers and other semiconductor companies. Phan Van Hoa (according to Reuters)