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TSMC to prioritise production of auto chips amid global shortage
- Monday | 25th January, 2021
TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co Ltd (TSMC) will prioritise production of auto chips if it is able to further increase capacity, Taiwan’s Economics Ministry told Reuters, amid a global shortage that has hampered car production. A ministry official said Minister Wang Mei-hua spoke to senior company executives on Sunday about the issue. TSMC had told the ministry it will “optimise” the production process of chips to make it more efficient and prioritise auto chip production if it is able to further increase capacity, the ministry said. In 2020, auto chips accounted only for 3% of TSMC’s sales, lagging smartphones’ 48% and 33% for high performance chips. In the fourth quarter, sales for TSMC’s auto chips jumped 27% from the previous quarter, but still only accounted for 3% of overall sales in the quarter.
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