📊Executive Summary

TSMC has announced a $2.8 billion investment to boost its automotive chip production in response to a global semiconductor shortage that has affected major car manufacturers. This investment will enhance the company's mature technology capacity by establishing new 28nm auto chip production lines at its Nanjing, China facility, set to produce 40,000 wafers per month starting in the second half of 2022. Despite these efforts, the current supply chain bottleneck will not be resolved immediately, as it takes time to ramp up production and meet the demand from automakers like Daimler, Ford, and General Motors, who have already reduced their assembly quotas due to component shortages. TSMC's actions, along with similar initiatives from other foundries, aim to alleviate the ongoing semiconductor crisis in the automotive sector....