Germany urges Taiwan to help ease auto chip shortage

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Berlin

Germany has asked Taiwan to persuade Taiwanese manufacturers to help ease a shortage of semiconductor chips in the auto sector which is hampering its fledgling economic recovery from the Covid-19 pandemic. Automakers around the world are shutting assembly lines due to problems in the delivery of semiconductors, which in some cases have been exacerbated by the former Trump administration’s actions against key Chinese chip factories. The shortage has affected Volkswagen VOWG_p.DE, Ford Motor Co F.N, Subaru Corp 7270.T, Toyota Motor Corp 7203.T, Nissan Motor Co Ltd 7201.T, Fiat Chrysler Automobiles and other car makers. “I would be pleased if you could take on this matter and underline the importance of additional semiconductor capacities for the German automotive industry to TSMC,” Altmaier wrote.—Reuters

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