The Taiwanese minister factors to an enchancment within the provide of automotive chips by means of Reuters

© Reuters

TAIPEI (Reuters) – Taiwanese companies are working hard to fix a shortage of car chips, Economy Minister Wang Mei-hua said Thursday, adding that she understands that shipments to car factories around the world have improved.

Such plants are closing assembly lines due to the bottlenecks, which in some cases have been exacerbated by the former US government’s actions against Chinese chipmakers.

Taiwan, home of companies such as Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC), the world’s largest manufacturer of order chips, is at the center of efforts to remedy the shortage.

Wang, who has met with tech executives to encourage them to increase the production of car chips, told reporters that Taiwanese companies understood the need for car chips and were working to identify them.

“My understanding from the sidelines is that global auto factories have seen some improvement, but this is a long-term problem,” she said, adding that areas like electric vehicles were also competing for the supply of chips.

The subject has become political, and the German economics minister is writing to seek Wang’s help.

This week Brian Deese, top economic advisor to US President Joe Biden, thanked Wang for her efforts to address the shortage in coordination with the island’s manufacturers.

Wang said she could not comment on the contents of the letter because she did not receive it, even though she learned about it from media reports. But other countries would also have thanked Taiwan for its efforts without naming them.

This month, Wang chaired a meeting between Taiwanese and US tech companies on supply chains.

Follow-up meetings will depend on when U.S. officials will take office after Biden’s inauguration last month, Wang said.

Some Taiwanese politicians have suggested that the island use the chips as a negotiating tool to enlist help from other countries in securing COVID-19 vaccine supplies.

Wang rejected the idea of ​​such an exchange, saying vaccine purchases were the responsibility of the health minister.

“It is inappropriate to talk about swapping chips for vaccines,” she added.

Disclaimer: Fusion Media would like to remind you that the information contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges, but by market makers. As a result, prices may not be accurate and may differ from the actual market price. This means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading loss you may incur as a result of using this information.

Fusion Media or anyone involved with Fusion Media assumes no liability for any loss or damage caused by reliance on the information contained on this website, such as data, offers, charts and buy / sell signals. Please be fully informed about the risks and costs associated with trading in the financial markets. This is one of the riskiest forms of investment possible.

Comments are closed.