Automakers worldwide are facing supply chain issues, with General Motors shutting down three of its North American plants, as a bottleneck of semiconductor chip production forces the slowdown of manufacturing.
Cheddar anchors Kristen Scholer and Hena Doba break down the global chip shortage and how one company, Taiwan Semiconductor Manufacturing Company (TSMC), controls most of the world's supply.
While the production of chips for automakers makes up only 3 percent of the firm's business, the current slowdown has had an outsized impact on companies like GM, Ford, Nissan, and more.
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