Global demand and supply for automotive chips could be in balance by the fourth quarter of 2021, the Taiwanese government said, reiterating its commitment to play its part in addressing the shortage that is causing production lines around the world to shut down. The Taiwanese Ministry of Economy noted that the island’s chip manufacturers are not the main suppliers of foreign integrated device manufacturers producing automotive chips.
” their needs and help solve the problem of automotive chips, “the agency said. Economy Minister Wang Mei-hua also spoke in person with leaders of Taiwanese chip companies, who told him they had “actively solved” the problem in the first half of this year and will continue to do so. “Although the automotive chip production chain is long and complex, with full cooperation from Hungarian companies, the industry estimates that demand and supply for automotive chips produced by chip manufacturers may balance in the fourth quarter of this year,” the island ministry added. The issue has taken on a strong diplomatic tone as Taiwan seeks to reassure the United States, its main international supporter and arms supplier, to do its utmost, especially at a time when Taipei is facing increased military pressure from China, which sees Taiwan as its own.
The Ministry noted that Taiwan’s semiconductor manufacturing companies are expanding production and stressed that both these companies and the government place great emphasis on working with “like-minded partners”, which in Taipei refers to other democracies such as Refers to the United States and the European Union
Taiwan “continues to will work together to build a secure, reliable and resilient supply chain and deepen economic and trade relations to lay a solid foundation for post-pandemic economic recovery, “
Last month, Taiwan Semiconductor Manufacturing (TSMC), the world’s largest contract chip manufacturer, said automotive chip shortages will gradually ease for its customers from this quarter, but overall semiconductor capacity shortages are expected to continue into next year.
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