Taiwan chipmakers vow to tackle global auto component shortage

Economic minister says automakers were warned against cutting orders last year

20210128 Chip for car and VW

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) 

CHENG TING-FANG and LAULY LI, Nikkei staff writers

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.

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