Connect with us

Business

Commerce Department presses Taiwan to supply more chips to U.S. automakers – CNBC

The U.S. Commerce Department is pressing Taiwan Semiconductor Manufacturing Co and other Taiwanese firms to prioritize the needs of U.S. automakers.

Published

on

Article feature image
ADVERTISEMENT

The U.S. Commerce Department is pressing Taiwan Semiconductor Manufacturing Co and other Taiwanese firms to prioritize the needs of U.S. automakers to ease chip shortages in the near term, Commerce Secretary Gina Raimondo said on Tuesday.
Raimondo told a Council of the Americas event that longer-term, increased investment was needed to produce more semiconductors in the United States and that other critical supply chains needed re-shoring, including to allied countries.
“We’re working hard to see…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Article feature image
Virgin Galactic Stock Falls As Flight Schedule In Doubt Again – Investor’s Business Daily
Article feature image
NTSB: Video shows owner getting into driver’s seat before fatal Tesla crash – Engadget
Article feature image
Mall owner Simon’s CEO sees shopper ‘euphoria’ as people return to stores – CNBC