GM joins the crowd of automakers cutting production over chip shortage autoblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autoblog.com Daily Mail and Mail on Sunday newspapers.
A group of 15 U.S. senators on Tuesday including Majority Leader Chuck Schumer and Republican John Cornyn urged the White House to work with Congress to address the global semiconductor shortage that is hampering auto manufacturing.
U.S. to Press Taiwan, TSMC to Resolve Auto Chip Crunch
Debby Wu, Bloomberg News A silicon wafer made by Taiwan Semiconductor Manufacturing Co. (TSMC) is arranged for a photograph at the company s headquarters in Hsinchu, Taiwan. Photographer: Maurice Tsai/Bloomberg , Photographer: Maurice Tsai/Bloomberg
(Bloomberg) Biden administration officials have called an ad-hoc meeting next week with Taiwan government and industry officials, during which theyâre expected to pressure Taiwan Semiconductor Manufacturing Co. and its peers to ramp up the supply of vital chips to American automakers.
The virtual conference scheduled for Thursday U.S. time would be the most high-profile meeting between newly appointed Biden administration officials and their counterparts from Taipei. Deputy Assistant Secretary of State Matt Murray and Acting Deputy Assistant Secretary of Commerce Richard Steffens are scheduled to confer with Taiwan Minist
SINGAPORE/SOUTHFIELD/TAIPEI (Jan 27): When the Tohoku earthquake and tsunami ravaged Japan in 2011, ocean water flooded factories owned by Renesas Electronics Corp. Production at the swamped facilities ground to a halt a major hit for Renesas, of course, but also a devastating blow to the Japanese car industry, which depended on Renesas for semiconductors. Lacking chips for everything from transmissions to touchscreens, Honda, Nissan, and Toyota were forced to shut down or slow output for months.
As the perils of just-in-time manufacturing and the dangers of relying on a single supplier for key components became obvious, automakers vowed to steer clear of similar snafus in the future.