TSMC CEO expects auto semiconductor supply to normalise

News  /   July

Taiwan

TSMC CEO C.C. Wei expects automotive semiconductor supply to normalise. TSMC will be active in the second half of the year also to address the chip supply challenges for the automotive customers.

TSMC aims to cut lead times dramatically over the next quarter by working with customers to reallocate wafer capacity to support the automotive industry.

Wei also said that, for the full year, TSMC expects to increase output for MCUs by close to 60% over the 2020 level which represented almost 30% increase over the 2018 pre-pandemic level and by taking such actions, the automotive component shortage from semiconductors may be greatly reduced for TSMC customers starting from this quarter. Long term, he expects the demand for silicon in the automotive sector to grow rapidly over the next few years.

TSMC plans to spend $100 billion over the next three years to expand its semiconductor fabrication capacity.

The company stated earlier that they are entering a period of higher growth as the multi-year megatrends of 5G and [high-performance computing] are expected to fuel strong demand for their semiconductor technologies in the next several years. In addition, the COVID-19 pandemic also accelerates digitalisation in every aspect.

In early 2020, announced plans to build a $12 billion foundry in Arizona, which would produce roughly 20,000 wafers per month when it opens in 2024.

Source: sdx central

Image Source: Google Images

Also Read:

https://www.automotiveproductsfinder.com/news/tvs-motor-and-m-m-start-projects-for-flex-fuel-engines-for-2-wheelers/134793

https://www.automotiveproductsfinder.com/news/nikunj-sanghi--there-is-an-urgent-need-to-upskill-workers-in-auto-industry/134794

 

 

Tags Cloud
Advertise Here [600 W x 90 H pixels]

Comments