High-level officials from the United States, Japan and South Korea will hold tripartite talks in Maryland on the 2nd. The White House said that the three parties will discuss the security of the chip supply chain. South Korean chip maker Samsung Electronics has also confirmed that it will attend a White House meeting later to discuss solutions with other companies in the industry.

According to the Korea Times, a senior executive of Samsung Electronics mentioned on Friday that it will meet with GM and GF and other companies to meet with US National Security Advisor Jake Sullivan and US National Economic Council Director Brian Deese to discuss The problem of chip shortage.

The global shortage of chips has caused automakers to have idle production lines, cutting production or even suspending production. In the early stage of the epidemic, automakers reduced orders while reducing production according to forecasts, causing the production of automotive semiconductors to shrink slightly, and the shortage of demand has intensified. In addition, as the epidemic continues to spread, consumer demand for cars has also continued to increase.

The report pointed out that the shortage of chips in the automotive industry is putting pressure on electronic equipment manufacturers. Although the global foundries are working hard to expand the scale of production, it still takes time to solve the immediate shortage problem.

It is also worth mentioning that Renesas Electronics’ main 12-inch wafer production base Naka Factory N3 building suffered a fire recently, further impacting the global automotive semiconductor market.