TSMC To Boost Auto Chip Output By 60 Percent In 2021

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TSMC said it plans to increase output of microcontroller units (MCUs) by 60 per cent this year

Image Source – Taiwan Semiconductor Manufacturing Company

World’s largest contract chip manufacturer Taiwan Semiconductor Manufacturing Co (TSMC) has announced that it will increase output for its automotive semiconductors by 60 per cent this year.

This comes as the global semiconductor chip shortage, which had been crippling automakers and electronics manufacturers since the onset of the pandemic last year, continues to halt production for several manufacturers.  

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As per TSMC, it has taken “unprecedented actions” to boost production to minimize the effect of the shortage on manufacturers. 

“TSMC has taken unprecedented actions, including the reallocation of capacity from customers from other industries who are experiencing stressfully high demand due to the acceleration of digital transformation,” A Nikkei report quoted the company saying.

TSMC said it plans to increase output of microcontroller units (MCUs) by 60 per cent this year. That represents a 30 per cent increase over the 2019 pre-pandemic level, according to the company. 

TSMC will continue to work with the automotive supply chain to deal with this current shortage, it said.

TSMC also said that it will work closely with all its clients to increase “demand visibility” in this complex supply chain, in order to avoid such shortages in the future.

This comes after the company’s second meeting with U.S. Commerce Secretary Gina Raimondo on Friday to discuss the ongoing global chip crunch. 

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