US Pressing Taiwanese Firms On Semiconductors, Commerce Chief Says

US Secretary of Commerce Gina Raimondo said on Tuesday that the United States is pressing Taiwanese semiconductor makers to allocate a portion of their supply to US automakers working on a shortage of critical components.

Washington is also looking for ways to promote domestic production of various industrial parts with the aim of reducing reliance on foreign suppliers, especially Chinese suppliers, Lymond told the American Association event. I mentioned it when I appeared.

Taiwan’s high-tech chip foundry is the world’s largest and most advanced company, and Taiwan Semiconductor Manufacturing Company (TSMC) is the world’s largest.

“Americans have so much work to do, so we’re working hard to see if we can prioritize the needs of car companies in Taiwan and the big company TSMC there,” she said. I did.

“There is no day when we don’t push them.”

Officials from other countries are also calling on Taiwan to help crunch important chips. Most of it is produced in Asia.

Detroit automakers have cut production and warned of a hit to production due to a shortage, Ford announced last week that it would cut production in the second quarter in half.

Commerce Secretary Gina Raimondo said the United States must offshore its supply chain, especially when it comes to semiconductors and other industrial components.
Pool / Chip Somode Villa

Supply shortages also raise concerns throughout the world of personal electronics, which can lead to higher prices for popular gadgets such as game consoles and computer tablets.

“Currently, the United States manufactures zero percent of state-of-the-art chips. This is a problem. We need to manufacture 30 percent to meet demand,” says Lymond.

“There is no doubt that much of the supply chain will have to be reshored,” she added.

In February, President Joe Biden issued an executive order calling for a 100-day review of semiconductors and three other key items across the federal agency: pharmaceuticals, key minerals, and high-capacity batteries.

Earlier last month, TSMC announced plans to invest $ 100 billion over three years to increase production capacity. It’s unclear where to invest, but last year the company said it plans to invest $ 12 billion in a foundry in Arizona, the second manufacturing site in the United States.

Mark Liu, the chairman of the company he met with Biden last month, told the CBS program on Sunday 60 minutes that TSMC hopes to catch up with automakers’ “minimum” requirements by June. But he warned that car chips with a “long and complex” supply chain would be delayed.

US Pressing Taiwanese Firms On Semiconductors, Commerce Chief Says Source link US Pressing Taiwanese Firms On Semiconductors, Commerce Chief Says

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