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Toyota and Mitsubishi Planning Chip Manufacturing Joint Venture with TSMC

The global chip crisis that the world is still struggling with has convinced industry giants it’s time to build inventory and find alternative ways to secure their orders.
Toyota is one of the biggest names involved in the new JV 32 photos
Photo: Toyota
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And carmakers too are looking into ways to prevent the shortage from hurting their production, with a recent report indicating that Toyota and Mitsubishi are two of the biggest names involved in a new joint venture with contract chipmaker TSMC.

More specifically, it looks like TSMC wants to build a Japanese plant whose chip output would be prioritized for certain companies involved in the joint venture, with people familiar with the matter claiming Toyota, Mitsubishi, and Sony are three of the names interested in this collaboration.

The joint venture could attract investments of over $14 billion, though, for the time being, it’s not exactly clear how much Toyota and Mitsubishi are willing to pour into this project.

The lack of semiconductors has hit global carmakers very hard, and it continues to affect their output as foundries still have a hard time aligning the production with the demand.

Earlier today, Subaru confirmed it would idle the operations at its Japanese factory because it doesn’t have enough semiconductors to install on the cars it builds. Subaru, however, isn’t one of the names supposed to be involved in the joint venture with TSMC.

But on the other hand, with a new plant in Japan, TSMC could become one of the largest chipmakers in the region, with sources with knowledge of the matter suggesting the company would focus not only on the car industry but also on home appliances and other tools.

However, it goes without saying Toyota and Mitsubishi would partially address their lack of semiconductors and help build inventory that would prevent production halts. No information has been provided as to when the new factory is supposed to become operational, but it has previously been reported that TSMC wants to set up a research and development center in Japan that would be ready by the end of the year.
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About the author: Bogdan Popa
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Bogdan keeps an eye on how technology is taking over the car world. His long-term goals are buying an 18-wheeler because he needs more space for his kid’s toys, and convincing Google and Apple that Android Auto and CarPlay deserve at least as much attention as their phones.
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