FILE Image: A logo of Taiwan Semiconductor Producing Co (TSMC) is observed at its headquarters in Hsinchu, Taiwan August 31, 2018. REUTERS/Tyrone Siu

May 21, 2021

TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co Ltd (TSMC) explained on Friday that it has increased its 2021 output for a crucial part for automotive semiconductors by 60% in comparison with final 12 months, amid a global chip scarcity.

TSMC, the world’s most significant contract chipmaker, mentioned it had taken “unprecedented actions” to support automakers.

That includes reallocating potential to other industries that are also encountering “stressfully substantial need because of to the acceleration of digital transformation”.

“With a fixed limited-time period capacity, TSMC managed to enhance 2021 output for MCUs (microcontrollers), 1 of the critical elements in automotive semiconductor items, by 60% around the 2020 stage,” it mentioned.

This signifies a 30% maximize in excess of the 2019 pre-pandemic amount, the enterprise extra. 

TSMC will continue on to perform with the automotive source chain to offer with this current scarcity, it claimed.

Modernising the “Just-in-Time” offer chain administration system and growing desire visibility should be the path to prevent such lack from going on in the potential, TSMC included.

The world-wide chip shortage, which started final calendar year, has shuttered some car production traces and is impacting purchaser electronics as perfectly.

TSMC has frequently stated it is doing its most effective to tackle the shortages and raise manufacturing.

U.S. Commerce Secretary Gina Raimondo mentioned Thursday she held meetings with three dozen senior sector leaders on a semiconductor chip scarcity and said the United States could assistance raise transparency in the market place.

The meeting involved General Motors Co, Ford Motor Co, Stellantis NV, chip suppliers and other customers of chips. 

(Reporting by Ben Blanchard Editing by Ana Nicolaci da Costa)

Resource website link