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Taiwan says asking chip corporations to assist ease auto chip scarcity By Reuters

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© Reuters. Brand of Taiwan Semiconductor Manufacturing Co (TSMC), in Hsinchu

TAIPEI (Reuters) – Taiwan’s Ministry of Financial Affairs stated on Sunday it has acquired requests by diplomatic channels to assist ease a scarcity of chips for the auto sector and that it has requested native tech corporations to supply “full help”.

Automakers around the globe are shutting meeting strains due to a worldwide scarcity of semiconductors that in some circumstances has been exacerbated by the previous Trump administration’s actions in opposition to key Chinese language chip factories, in line with trade officers.

The scarcity has affected Ford Motor (NYSE:) Co, Subaru (OTC:) Corp, Toyota Motor (NYSE:) Corp, Volkswagen (DE:), Nissan (OTC:) Motor Co Ltd, Fiat Chrysler Cars and different automobile makers.

The federal government in Taiwan, dwelling to the world’s largest contract chipmaker Taiwan Semiconductor Manufacturing Co Ltd (TSMC), stated it has been contacted by overseas governments about the issue.

“Because the finish of final yr, diplomatic channels have certainly acquired requests from related international locations because of the scarcity of automotive chips,” the Ministry of Financial Affairs stated, after media reviews that German Financial system Minister Peter Altmaier had written to Taiwan’s authorities about the issue.

The ministry stated it had not but acquired the letter from Germany and could not touch upon its contents.

The ministry stated main worldwide automakers are usually not direct prospects of Taiwanese semiconductor chip makers, however that different automotive chip makers place orders with Taiwan producers and promote them to automobile makers.

“The related provide and demand state of affairs can be intently associated to the plans of automotive chip factories to cut back stock in the course of the low season,” the ministry stated.

It stated it had begun talks with home chip suppliers in response to requests from different international locations and “requested the chip producers to supply full help”.

TSMC, in an announcement, stated the difficulty of chips shortages for auto firms was crucial to them.

“It’s our prime precedence, and TSMC is working intently with our automotive prospects to resolve the capability help points,” it stated.

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