A global shortage of chips in recent years has caused German automakers to experience widespread production outages. Auto industry executives and politicians are now reassessing the situation in supply chains and trying to reduce Germany’s dependence on chip supplies from Asia and the United States, Reuters wrote.
“It will take years,” Vachenauer said. “These are billions of dollars worth of investments,” she added. However, she said, automakers could reduce chip shortage problems by using fewer different types of semiconductors. “We have to use many levers to stabilize semiconductor supplies,” Vachenauer also said. The Audi car company, in whose management he sits, is part of the Volkswagen group.
Germany’s automotive industry association VDA warned earlier this year that global car production could fall by about 20 percent, or about 18 million vehicles, by 2026 if the necessary steps are not taken to address persistent chip shortages.
According to the VDA, the demand for chips will increase significantly in the coming years due to the transition of car manufacturers to electric cars and the increasing use of various electronic systems in cars. It will thus grow much more significantly than in other sectors.
Taiwanese chipmaker Taiwan Semiconductor Manufacturing (TSMC) announced this week that it intends to build its first European factory in Dresden. According to the company, the plant will require an investment of over ten billion euros (roughly CZK 240 billion), however, according to the DPA agency, roughly half of the investment costs will be covered by state subsidies from German taxpayers’ money.
German Economy Minister Robert Habeck said the government would support TSMC’s project under a European standard known as the European Chip Act. Within the framework of this standard, the European Union wants to support the development and production of semiconductors by the end of the decade with investments for 43 billion euros (more than a trillion CZK) and to double the EU’s share of global chip production to 20 percent.
In the spring, the company Infineon started the construction of a factory for the production of semiconductors in Dresden, in which it wants to invest five billion euros. The Saxon capital is also home to the chip production plants of Bosch and GlobalFoundries.
2023-08-12 12:55:00
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