Taiwanese semiconductor manufacturer (TSMC) thwarted its investment drive earlier this year to expand operations and speed updates in response to a global shortage in chip development. According to data made during the last earnings call, cash inflows are expected to start paying returns before the end of the year.
TSMC CEO CC Wei said in the above call that his company is working to increase production of chips used in vehicles by 60% this year compared to 2020. He also talked about TSMC's construction, adding: "There are facilities new in Japan.
Unfortunately, the semiconductor industry as a whole is likely to experience shortages by 2022.
The auto industry has been hit particularly hard by the ongoing chip shortage, as manufacturers such as Ford, Choi and Jeep have been forced to produce Thousands of cars this year. But as cars and drivers were highlighted last month, that's partly a mistake in canceling orders in the early days of the Covid-19 pandemic. Customers in other industries use this liberating capacity, leaving little production capacity for the auto industry.
There is no doubt that TSMC is bringing its voice to the bank. The company said revenue rose 20 percent in the second quarter from a year earlier, while net profit jumped 11 percent. p>
TSMC expects the shortage of auto chips to decrease in the coming months