TSMC "Increased Production of Core Automotive Semiconductor Components by 60% This Year"

[Asia Economy Reporter Suyeon Woo] Taiwan's TSMC, the world's number one foundry company, has increased production of key automotive semiconductor components by 60% compared to last year.

According to foreign media including Reuters on the 21st (local time), TSMC stated, "With fixed short-term production capacity, we were able to increase MCU production, a key automotive semiconductor component, by 60% compared to last year," adding, "This is a 30% increase compared to the pre-COVID-19 pandemic level in 2019."

TSMC emphasized that it took unprecedented measures to help global automakers amid the worsening global shortage of automotive semiconductors.

TSMC stressed that it will strengthen supply chain cooperation with automakers to resolve the current semiconductor shortage issue, adding, "Modernizing just in time supply chain management and increasing demand visibility are necessary to prevent the semiconductor shortage from recurring."

Meanwhile, on the previous day (the 20th, local time), the U.S. Department of Commerce stated at a semiconductor supply shortage countermeasure meeting that there would be no preferential treatment such as prioritizing semiconductor supply to the automotive industry. The meeting was attended not only by automakers such as Ford and GM but also semiconductor companies including Samsung Electronics and TSMC.

U.S. Secretary of Commerce Gina Raimondo explained that although the semiconductor supply shortage for automakers is severe, other industries are facing similar situations. While looking for ways to assist the automotive industry, she firmly stated that there will be no prioritization of semiconductor supply to the automotive industry over other sectors.

This content was produced with the assistance of AI translation services.