In a crucial time of supply shortages and global competition, the Taiwan Semiconductor Manufacturing Company is the dominant player in global chip production. The manufacturer on the Chinese contested island has risen to prominence as the leader in semiconductor manufacturing, boasting a sizable advantage in technical prowess and production capacity over its closest rival, U.S-based Intel.
For U.S Automakers, this means increased competition amongst the supply base and crippling price spikes. Almost all new vehicle features rely on these vital components, leaving OEM’s scrambling to source the parts and cementing TSMC as the company with the power to decide the fate of the U.S Auto industry.
Seraph CEO Ambrose Conroy weighs in on how the shortage could cripple Automotive supply chain networks and purchasing departments for years to come.
Read the article on the Financial Times website.
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