auto chip supplies: Taiwan minister flags improvement in auto chip supplies – Latest News

Taiwan firms are working hard to resolve a shortage of automotive chips, Economy Minister Wang Mei-Hua said on Thursday, adding that she understood there had been an improvement in such supplies to auto factories worldwide.

Such plants are shutting assembly lines because of the shortages, worsened in some cases by the actions of the former U.S. administration against Chinese chip makers.

Taiwan, home to firms such as Taiwan Semiconductor Manufacturing Co Ltd (TSMC) , the world’s largest contract chip maker, is centrestage for efforts to resolve the shortage.

Wang, who has met tech executives to push them to boost auto chip production, told reporters that Taiwan companies understood the need for auto chips and were working to turn them out.

“My understanding from the sidelines is that global auto factories have seen a certain improvement, but this is a long-term problem,” she said, adding that areas such as electric vehicles also competed for chip supplies.

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