Will Skoda survive? The largest chip manufacturer will build a factory… In 2024

https://cz.sputniknews.com/20211015/docka-se-toho-skoda-nejvetsi-vyrobce-cipu-postavi-tovarnu-v-roce-2024-16181537.html

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Taiwan’s Taiwan Semiconductor Manufacturing Co. (TSMC) will build a semiconductor plant in Japan to address the global chip shortage problem. Technogigant intends to satisfy the growing demand of car manufacturers and technology companies in the long run, the Reuters agency reported. Škoda employees are still worried about dismissal.

The plant is expected to be run jointly with the company Sony Group Corp. and will, among other things, produce semiconductors used in automobiles, because it is in this segment that the deficit caused by increased demand is most pronounced. Production at the plant is likely to begin at the end of 2024.

“TSMC works closely with its customers to plan capacity and invest in advanced and specialized technologies to meet their demand,” said CC Wei, CEO of TSMC.

While Wei did not announce the planned location of the plant, he said it would produce 22 nanometer and 28 nanometer chips. According to the Japanese Ministry of Economy, Trade and Industry, chips of this size are used in cars and consumer electronics.
This plan has yet to be approved by the company’s board of directors. Japanese Prime Minister Fumio Kishida said that TSMC would invest about 1 trillion yen (193 billion crowns) in the factory and that his government would provide financial help.

Worldwide shortage of semiconductors played cards to manufacturers as sales of the ten largest companies rose at a record pace. According to TSMC, the shortage of chips will continue in 2022 with rapidly growing demand. Thanks to him, the company increased its profit by 13.8 percent to $ 5.56 billion in the third quarter. TSMC also raised its revenue growth forecast for 2021 to about 24 percent compared to the previous forecast – 20 percent – and cited the industry trend of growing demand for chips.

Škoda Auto has no job for people

According to its unions, the critical shortage of components has put Škoda Auto in the most difficult situation in its recent history. He does not have a job for many employees, so he is planning an extensive relocation of staff. According to unions, some people will even move to other plants.

The unions are counting on reduced production for next year as well. However, he believes that conditions will improve in the second half of the year, at a time when more chips could flow into the market.

It is worth noting that in addition to the lack of chips, the production is also affected by the significant pressure of the VW Group on the production of electric cars. Among the employees, there is talk of ending the production of some models and there are also concerns about securing a production program in the future.
It will thus be a hot topic in the upcoming collective union meeting with Škoda employment. The carmaker in the Czech Republic employs over 35,000 people, to whom it pays an average of more than 50,000 crowns a month in gross wages. The priority of both unions and companies is to maintain employment.
Škoda Auto delivered worldwide last year over one million cars. It operates three production plants in the Czech Republic, produces in China, Russia, Slovakia and India, mostly through group partnerships, as well as in Ukraine and Kazakhstan in cooperation with local partners. It is active in more than 100 markets.

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