"As I said, there's not a day goes by that we don't push on that," she said, adding the medium- and long-term solution would be "simply making more chips in America. "TSMC said that addressing the shortage remained its top priority. "TSMC has been working with all parties to alleviate the automotive chip supply shortage, we understand it is a shared concern of the worldwide automotive industry," it said in a statement to Reuters on Wednesday.TSMC CEO C.C. A Commerce Department spokesman declined to comment.United Auto Workers Legislative Director Josh Nassar said in written testimony for a U.S. House hearing on Wednesday that the chips shortage has resulted in the layoffs of "tens of thousands of workers ... Clearly, we need to bolster domestic production of automotive-quality semiconductors. He backs $50 billion to support U.S. chip manufacturing and research.

Source: Economic Times May 05, 2021 02:52 UTC