Global supply-demand for chips for cars and electronics should be “balanced” in the fourth quarter of this year, authorities in Taiwan said. Taiwan is the world’s largest chipmaker, and the government has reaffirmed its commitment to addressing the global semiconductor shortage.

According to Reuters, the case also has a diplomatic bias, as Taiwan is working hard to convince its international backer and its main arms supplier, the United States, that it is doing everything they can to fix a global semiconductor shortage. At the same time, the country is facing increasing military pressure from China, which regards Taiwan as part of its territory.

Minister of Finance involved

That’s why Finance Minister Wang Mei-hua personally got involved and put pressure on chip manufacturers in Taiwan

– Although the supply chain for car chips is long and complex, manufacturers estimate that with the full cooperation of the company, supply and demand should be balanced in the fourth quarter of this year, said the Minister of Finance.

According to Taipei authorities, the chipmaker has expanded production, saying Taiwan “will continue to work together to build a safe, reliable and strong supply chain, and expand economic and trade relations to lay a solid foundation for economic recovery after the pandemic,” it wrote. Reuters. .

In July, the world’s largest semiconductor manufacturer, Taiwan Semiconductor Manufacturing, came out and said that it expects chip shortages to gradually increase for their customers in the future, but the overall global shortage may be extended into next year.