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Taiwan Semiconductor Manufacturing Co Ltd (TSMC) said on Tuesday it would raise nearly $9 billion from the debt markets to help fund expansion and spend around $178 million to open a Japanese material research subsidiary.
Taiwan Economy Minister Wang Mei-hua said on Thursday a global shortage of auto chips will not be a main topic for a meeting with the United States on Friday, as carmakers are grappling with a supply crunch that has hit production.
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) is "expediting" auto-related products through its wafer fabs and reallocating wafer capacity, the company said on Thursday, amid a global shortage of auto chips.
By Reuters Staff
4 Min Read
TAIPEI (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd (TSMC) is “expediting” auto-related products through its wafer fabs and reallocating wafer capacity, the company said on Thursday, amid a global shortage of auto chips.
FILE PHOTO: A man sits in front of the logo of Taiwan Semiconductor Manufacturing Co Ltd (TSMC) during an investors conference in Taipei April 18, 2013. REUTERS/Pichi Chuang
Automakers around the world are shutting assembly lines due to the shortages, which in some cases have been exacerbated by the former U.S. administration’s actions against Chinese chip factories.
Taiwan’s economy minister said on Wednesday major Taiwanese chipmakers were willing to prioritise supplies for automakers, after she met senior company executives including from TSMC.