Jul 2021

Global Chip Crunch Easing?

Carmakers can expect a sharp upturn in chip supplies in the coming weeks, Taiwan Semiconductor Manufacturing Company (TSMC) said, signaling that a global shortage may have moved past its most crippling stage. In the first six months of 2021, TSMC increased its output of micro-controlling units, an important component used for car electronics, by 30% compared with the same period last year, the world’s largest contract chipmaker told investors on an earnings call on Thursday. MCU production is expected to be 60%  higher for the full year than in 2020, it added.