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Taiwan chipmakers vow to tackle global auto component shortage

Economic minister says automakers were warned against cutting orders last year

Taiwan has mobilized its top chipmakers to tackle a chip shortage that is affecting global automakers like Volkswagen, Ford and Honda. (Source photos by Reuters and Getty Images) 

TAIPEI -- Taiwan's leading chip manufacturers have promised to "do their best" to tackle the chip shortage that is paralyzing the global automotive industry, the island's Economic Affairs minister said on Wednesday, but with production lines already running at full capacity, she warned that the situation will take time to improve.

Economics Minister Wang Mei-hua also defended the island's semiconductor manufacturers, saying they had warned customers that reductions in chip orders last year could be "dangerous" for vehicle supply chains.

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