US presses Taiwan to supply more chips to US automakers

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The US Commerce Department is pressing Taiwan Semiconductor Manufacturing Co Ltd and other Taiwanese firms to prioritize the needs of US automakers to ease chip shortages in the near term, Commerce Secretary Gina Raimondo said on Tuesday.

Raimondo told a Council of the Americas event that longer term, increased investment was needed to produce more semiconductors in the United States and that other critical supply chains needed re-shoring, including to allied countries.

"As I said, there's not a day goes by that we don't push on that," she said, adding the medium- and long-term solution would be "simply making more chips in America.""TSMC has been working with all parties to alleviate the automotive chip supply shortage, we understand it is a shared concern of the worldwide automotive industry," it said in a statement to Reuters on Wednesday.

United Auto Workers Legislative Director Josh Nassar said in written testimony for a U.S. House hearing on Wednesday that the chips shortage has resulted in the layoffs of "tens of thousands of workers ... Clearly, we need to bolster domestic production of automotive-quality semiconductors."

 

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