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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.

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