3 days ago • Posted by William Ramstein
Chip shortage helps TSM share price, hurts automakers.
Taiwan Semiconductor Mfg. Co. Ltd. (NYSE: TSM), is a major source of the world's chips. TSMC has almost a 56% market share among the world's chip foundries. The shortage has hit automakers hardest as sales rebound from pandemic lockdowns faster than expected, at the same time that demand for electronic devices shot up and the effects of the pandemic hit supply chains. The auto industry stands to lose $61 billion in sales this year. Source: Bloomberg