In a statement the chairman of Taiwan Semiconductor Manufacturing Co Ltd (TSMC) told U.S. broadcaster CBS that it expects to catch up with the “minimum requirement” for auto chips by customers by the end of June.
Automakers are hard-pressed for auto chips and have shut assembly lines due to their shortage.
Taiwan, home to a booming semiconductor industry, is in the frontlines of efforts to mitigate this crisis and has vowed to ramp up capacity.
While speaking to CBS’ 60 Minutes, TSMC Chairman Mark Liu said the company was first aware of the shortages in December and from the following month began producing as many chips as possible for automakers.
“Today, we think we are two months ahead, that we can catch up the minimum requirement of our customers, before the end of June,” said Liu.
When asked whether the heightened demand for auto chip would come to an end in two months, he said “no”.
“There’s a time lag. In car chips particularly, the supply chain is long and complex. The supply takes about seven to eight months,” said Liu.
TSMC is the world’s largest contract chipmaker.
Ever since the shortage of chips began, TSMC has expanded its footprints into other sectors including consumer electronics.
