Jan 31, 2021 09:44 EST
Chipmaker Taiwan Semiconductor Manufacturing Company (TSMC) has agreed to manufacture automobile processors at an expedited rate. TSMC s decision comes after governments in several continents requested the Taiwanese authorities to ask the chipmaker to increase this production - as a global shortage of the products start to emerge as a thorn in the side of the economic recovery of many countries that house automobile manufacturers affected by this shortage.
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Following the request, Taiwan s Minister of Economic Affairs Ms. Mei-Hua Wang convened a meeting that involved representatives from Germany, TSMC and other semiconductor companies and the dean of Taiwan s Economic Research Institute to discuss the shortage and how Germany and other countries could help Taiwan in return for providing the aforementioned chips.