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Germany Urges Taiwan To Ease Chip Shortages; Volkswagen Looks To Claim Damages From Suppliers

17Shares Germany is asking Taiwan to persuade its domestic semiconductor manufacturers to help ease chip shortages in the auto sector. According to a report by Reuters, the bottlenecked supply of semiconductors is hampering the former’s economic recovery from the COVID-19 pandemic. ADVERTISEMENT Chip shortages have affected various automakers around the world, including companies such as Volkswagen, GM Motors, Nissan and many others. This resulted in the shutting down of assembly lines which has slowed down vehicle production from car brands. The report says that German economy minister Peter Altmaier has requested his Taiwanese counterpart Wang Mei-hua to address the issue in talks with Taiwan Semiconductor Manufacturing Co Ltd (TSMC). In a letter addressed to Wang, Altmaier is asking Taiwan to enable additional capacities and deliveries of semiconductors in the short and medium term.

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