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Germany persuading Taiwan to help alleviate chip shortage woes as automakers are shutting down manufacturing plants
Photo by: Chris Ried/Unsplash Monday, January 25, 2021 7:57 AM UTC
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There is a worldwide issue with semi-conductor chips supply for cars, and Germany stepped up to resolve the problem. It was reported that the country asked manufacturers in Taiwan to help with easing the chips shortage.
The lack of supply is not only affecting companies but the economy as well. This is because firms are not able to manufacture their goods and, in this case - the vehicles. The shortage is also hampering the companies’ attempt to recover from the COVID-19 pandemic, so they are losing a lot in terms of profits.