Tsmc Increases Car Chip Output By 30 Amid Global Chip Shortage
The company’s CEO, CC Wei, provided the chip supply update during the company’s second-quarter results presentation, where he added that output for micro-controlling units should be close to 60% higher than 2020 levels and 30% higher than the 2018 pre-pandemic levels, respectively, by the end of the year. “By taking such actions, we expect the shortage to be greatly reduced for TSMC customers starting this quarter,” Wei told investors. Two months ago, the company announced plans to spend $100 billion over three years to boost capacity....