US presses Taiwan to supply more chips to US automakers | ABS-CBN
ADVERTISEMENT

Welcome, Kapamilya! We use cookies to improve your browsing experience. Continuing to use this site means you agree to our use of cookies. Tell me more!
US presses Taiwan to supply more chips to US automakers
US presses Taiwan to supply more chips to US automakers
David Lawder and David Shepardson,
Reuters
Published May 05, 2021 02:30 PM PHT

WASHINGTON - The US Commerce Department is pressing Taiwan Semiconductor Manufacturing Co Ltd and other Taiwanese firms to prioritize the needs of US automakers to ease chip shortages in the near term, Commerce Secretary Gina Raimondo said on Tuesday.
WASHINGTON - The US Commerce Department is pressing Taiwan Semiconductor Manufacturing Co Ltd and other Taiwanese firms to prioritize the needs of US automakers to ease chip shortages in the near term, Commerce Secretary Gina Raimondo said on Tuesday.
Raimondo told a Council of the Americas event that longer term, increased investment was needed to produce more semiconductors in the United States and that other critical supply chains needed re-shoring, including to allied countries.
Raimondo told a Council of the Americas event that longer term, increased investment was needed to produce more semiconductors in the United States and that other critical supply chains needed re-shoring, including to allied countries.
"We're working hard to see if we can get the Taiwanese and TSMC, which is a big company there, to, you know, prioritize the needs of our auto companies since there's so many American jobs on the line," Raimondo said in response to a question from a General Motors Co executive.
"We're working hard to see if we can get the Taiwanese and TSMC, which is a big company there, to, you know, prioritize the needs of our auto companies since there's so many American jobs on the line," Raimondo said in response to a question from a General Motors Co executive.
"As I said, there's not a day goes by that we don't push on that," she said, adding the medium- and long-term solution would be "simply making more chips in America."
"As I said, there's not a day goes by that we don't push on that," she said, adding the medium- and long-term solution would be "simply making more chips in America."
ADVERTISEMENT
TSMC said that addressing the shortage remained its top priority.
TSMC said that addressing the shortage remained its top priority.
"TSMC has been working with all parties to alleviate the automotive chip supply shortage, we understand it is a shared concern of the worldwide automotive industry," it said in a statement to Reuters on Wednesday.
"TSMC has been working with all parties to alleviate the automotive chip supply shortage, we understand it is a shared concern of the worldwide automotive industry," it said in a statement to Reuters on Wednesday.
TSMC CEO C.C. Wei said last month the company had worked with its customers since January to reallocate more capacity to support the auto industry, but the shortage had worsened due to a snowstorm in Texas and a fab manufacturing disruption in Japan.
TSMC CEO C.C. Wei said last month the company had worked with its customers since January to reallocate more capacity to support the auto industry, but the shortage had worsened due to a snowstorm in Texas and a fab manufacturing disruption in Japan.
Wei expected the chip shortage for its auto clients to be greatly reduced from the next quarter.
Wei expected the chip shortage for its auto clients to be greatly reduced from the next quarter.
The Commerce Department is planning a high-level meeting with automakers set to take place next week on the chip shortage issue, said officials briefed on the matter. A Commerce Department spokesman declined to comment.
The Commerce Department is planning a high-level meeting with automakers set to take place next week on the chip shortage issue, said officials briefed on the matter. A Commerce Department spokesman declined to comment.
United Auto Workers Legislative Director Josh Nassar said in written testimony for a U.S. House hearing on Wednesday that the chips shortage has resulted in the layoffs of "tens of thousands of workers ... Clearly, we need to bolster domestic production of automotive-quality semiconductors."
United Auto Workers Legislative Director Josh Nassar said in written testimony for a U.S. House hearing on Wednesday that the chips shortage has resulted in the layoffs of "tens of thousands of workers ... Clearly, we need to bolster domestic production of automotive-quality semiconductors."
Last week, Ford Motor Co warned the chips shortage may slash second-quarter production by half, cost it about $2.5 billion and about 1.1 million units of lost production in 2021.
Last week, Ford Motor Co warned the chips shortage may slash second-quarter production by half, cost it about $2.5 billion and about 1.1 million units of lost production in 2021.
GM said on Friday it would extend production halts at several North American factories because of the shortage.
GM said on Friday it would extend production halts at several North American factories because of the shortage.
On April 12, Biden convened semiconductor and auto industry executives to discuss solutions to the chip crisis. He backs $50 billion to support US chip manufacturing and research.
On April 12, Biden convened semiconductor and auto industry executives to discuss solutions to the chip crisis. He backs $50 billion to support US chip manufacturing and research.
Read More:
ANC
US
Taiwan
semiconductor
Taiwan Semiconductor Manufacturing Co Ltd
chip shortage
automakers
automotive industry
ADVERTISEMENT
ADVERTISEMENT