TechnologyTaiwan minister plays down chances for chip production in EU
Reuters
3 minutes read
Taiwan Economy Minister Wang Mei-hua on Wednesday played down the prospect of Taiwan tech firms making advanced semiconductors in the European Union, noting industry leader TSMC has insisted it will focus its most advanced technology on the island.
Wang s comments come amid overtures from the EU to persuade a global chipmaker to build a major fabrication plant on EU territory that would help the European Commission achieve a strategic goal of securing the most advanced chip production technology over the next decade. read more
Speaking to reporters, Wang pointed to previous comments by TSMC - Taiwan Semiconductor Manufacturing Co Ltd s (2330.TW) - on its production base.
Taiwan Semiconductor Manufacturing : minister plays down chances for chip production in EU
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Taiwan minister plays down chances for chip production in EU
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Taiwan Minister Plays Down Chances for Chip Production in EU
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The growing semiconductor chip crisis has extended to smartphone, television, and home appliance manufacturers from rising stockpiling, Financial Times reports, based on Asian manufacturers. What Happened: The pandemic-induced demand spike in electronics and production facility outages further squeezed the chip supplies. Stockpiling of the Chinese companies affected by U.S. embargoes in anticipation of further restrictions played an important role. All of the above translated into a chip crisis for everyday electronics like washing machines and toasters, affecting the likes of South Korea’s Samsung Electronics Co Ltd (OTC: SSNLF) and LG Electronics Inc (OTC: LGEIY) (OTC: LGEJY). The manufacturing delays are estimated to last until 2022. Samsung reduced orders for some smartphone components in April after its warning regarding grave supply and demand disparity for semiconductors. Supply crisis in application processors, display drivers, and camera sensors led to falling orders fr