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TSMC says it can catch up on demand for automatic chips by the end of June -CBS

Taiwan Semiconductor Manufacturing Co Ltd (TSMC) headquarters building seen in Hsinchu, Northern Taiwan, November 19, 2015. REUTERS / Pichi Chuang / Photo file / Photo file

Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (2330.TW) expects to be able to meet the “minimum requirement” of customer demand for automotive chips by the end of June, its chairman told US television CBS.

Automakers around the world are shutting down assembly lines due to a shortage of chips for the industry, which in some cases is exacerbated by the actions of the former US administration against Chinese chip factories.

Taiwan, home to a thriving semiconductor industry, is at the center of efforts to address the problem, and chipmakers have vowed to increase capacity.

In a 60-minute conversation in CBS comments aired Sunday, TSMC chairman Mark Liu said they first heard of the shortage in December, and the following month tried to snatch as many chips as possible from carmakers.

“Today, we believe we are two months ahead so we can catch up with our customers’ minimum requirements before the end of June,” he said.

Asked if he meant that the shortage of automatic chips would end in two months, he said no.

“There is a delay in time. Especially with car chips, the supply chain is long and complicated. Delivery takes about seven to eight months,” Liu added.

TSMC is the largest contract chip manufacturer.

While the shortage of chips began to be felt for the first time by manufacturers, it has since spread to other sectors such as consumer electronics.

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