Title: 
Headings: Shortage of Microchips and its Impact on the Auto Industry
Monday, February 15, 2021
Shortage of Microchips and its Impact on the Auto Industry
After unprecedented zero sales, plant shutdown; the global auto industry is now facing a microchip shortage, also spawned out by the COVID pandemic.
Taiwan attempts to be the savior
Microchip and its importance
Why there is a microchip shortage?
Microchip shortage case study: Japan auto industry
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Content: Taiwan is the home of the largest chipmaker in the world, Taiwan Semiconductor Manufacturing Co Ltd (TSMC). It has been already reported that German Economy Minister Peter Altmaier had written to Taiwan’s government about the problem and asked for their assistance. According to the Taiwan government, major international automakers are not direct customers of Taiwanese microchip manufacturers, but other automotive semiconductor makers place orders with Taiwan manufacturers and sell them to the carmakers. After receiving requests from governments across the world, the Taiwan government has claimed that it is in talks with domestic microchip suppliers to assist the crisis-hit countries. TSMC too has said that the crisis due to microchip shortage is the most important issue and the company is dealing with it accordingly to address the concern. “ TSMC is working closely with our automotive customers to resolve the capacity support issues,” said the company in a statement. Microchip and its importance
The microchip shortage has been severely affecting two giant industries of the world, namely, automobile and technology. The question arises, that why the shortage of these tiny-looking elements has had such a huge impact on the industries that brought them to existence. Before we contemplate how their shortage is affecting industries such as automobiles and technology; we need to understand what exactly a microchip or semiconductor is.