The world’s largest semiconductor chipmaker Taiwan Semiconductor Manufacturing Co (TSMC) indicated that it would be able to meet the minimum demand from its customers by the end of June.
TSMC’s chairman, Mark Liu, told the media on May 3 that the company focused its efforts on ramping up production to meet demand in the automotive sector when the shortage began in December.
He added that he believes TSMC is about two months away from meeting “minimum requirements.” Still, Liu clarified that this does not mean that the shortage will come to an end just yet since the lead time for this material is about seven to eight months.
In related news, US automaker Ford announced that it will cut production at its plants in Cologne and Saarlouis, Germany for the next two months due to the chip shortage that has crippled capacities globally. The company will reduce work hours for 15,000 employees from May 3 until Jun 18 and subsequently from Jun 30 to Jul 9.