Auto

U.S. says firms may meet chip data request amid Taiwan, S. Korea concerns

TSMC mentioned in a press release to Reuters it’s making ready and can reply to the U.S. request for data.

“TSMC has been actively supporting and working with all stakeholders to overcome the global semiconductor supply challenge,” it mentioned.

“Looking forward, to increase the demand visibility in this complex supply chain should be the path to avoid such shortages from happening in the future. We have been a strong partner in this effort and will continue taking actions to address this challenge.”

A GM spokesperson confirmed the Commerce Department assertion, saying the company “will submit data within the requested timeframe,” whereas Infineon declined to touch upon “ongoing communications with governments.” Intel and SK Hynix didn’t instantly reply to requests for remark.

South Korea’s commerce ministry has additionally expressed concern over the request.

“The scope of the requested data is vast and a number of operational secrets are included, which is a big concern in South Korea,” it mentioned in an Oct. 6 assertion.

However, South Korea’s commerce minister, Moon Sung-wook, informed a parliamentary committee on Thursday that firms have been making ready to review and submit data that may be offered with out violating contractual confidentiality provisions or home legal guidelines.

Many world automakers, together with GM, Toyota Motor Corp. and Renault, have slashed output and gross sales forecasts as a result of scarce chip provides, made worse by a COVID-19 resurgence in key Asian semiconductor manufacturing hubs. Automotive suppliers have additionally been reporting a pinch of their quarterly earnings.

Back to top button