A huge shortage of microchips is currently killing the automotive industry, among others. One of the largest chip producers, the Taiwanese TSMC, is therefore investing no less than € 85 billion to prevent this in the future.
TSMC’s investment is intended to increase chip production, news service reports Bloomberg. The expansion is necessary to meet the ever-increasing demand. Among other things, TSMC is committed to opening additional factories and hiring thousands of employees. TSMC is one of the largest chip manufacturers worldwide. Other producers have also previously announced that they will make additional investments. For example, the American Intel announced last month to allocate 20 billion dollars (€ 17 billion) for two new factories in the US. Samsung, like TSMC, also wants to invest $ 100 billion (€ 85 billion), but is spreading this over ten years.
Chips are used in many products, including cars, smartphones and other electronics. Demand has become so great that producers cannot keep up. Many car manufacturers, including Volkswagen, Ford, Tesla, Nissan and Volvo, have therefore temporarily closed some production sites or scaled down production. At Ford, they saw yet another solution for the production of the F-150: to build the cars in advance without the chips present and then finish them later. However, Ford has now also suspended production of the F-150.
This weekend we will go into more detail on this website about the chip shortage and what consequences this has for the car industry. So keep an eye on the site.