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Honda Motor taps TSMC to ensure 'stable' supply of chips

Strategic partnership comes as automaker steps up EV push

Honda CEO Toshihiro Mibe speaks at a news conference on April 26 in Tokyo. (Photo by Yuki Nakao) 

TOKYO -- Honda Motor will collaborate with Taiwan Semiconductor Manufacturing Co. to ensure a "stable" supply of chips, the automaker announced on Wednesday, as it unveiled its latest strategy for the electric vehicle market.

The agreement with the world's largest chipmaker follows a difficult period for Japanese automakers in which production plans were hit by severe semiconductor shortages during the coronavirus pandemic.

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