Toyota and Mitsubishi are considering a chip production joint venture with TSMC

The global chip shortage is affecting all automakers, and Toyota, Mitsubishi and Sony are considering a new joint venture with TSMC, a chip maker, to set up a new chip plant in Japan. The consortium could attract more than $ 14 billion in investment.

In the relevant news, Subaru announced that on July 16 it will close for one day the production lines of its factory in Gunma, Japan, due to a lack of chips.

Suzuki, for its part, also plans to stop production at its plants in Japan for 2 to 7 days, but no final decision has yet been made, with the company considering its options.

Source: by

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