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TSMC to increase auto chip output by 60% in 2021

Taiwan chipmaker taking 'unprecedented' steps to alleviate global shortage

TSMC is ramping up production of auto-related chips amid a severe global shortage.    © Reuters

TAIPEI -- Taiwan Semiconductor Manufacturing Co., the world's biggest contract chipmaker, said it will increase its production of automotive chips by 60% this year after taking what it described as "unprecedented actions" to alleviate the semiconductor shortage that is squeezing the global car industry.

"TSMC has taken unprecedented actions, including the reallocation of capacity from customers from other industries who are experiencing stressfully high demand due to the acceleration of digital transformation," the company said in an announcement on Friday.

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