TSMC says can catch up with auto chip demand by end June - CBS

FILE PHOTO: The Taiwan Semiconductor Manufacturing Co Ltd (TSMC) headquarters building is seen in Hsinchu, northern Taiwan, November 19, 2015. REUTERS/Pichi Chuang/File Photo/File Photo

TAIPEI (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd (TSMC) expects to be able to catch up with the "minimum requirement" of customer demand for auto chips by the end of June, its chairman told U.S. broadcaster CBS.

Automakers around the world are shutting assembly lines due to the shortage of chips for the industry, which in some cases have been exacerbated by the former U.S. administration's actions against Chinese chip factories.