Automakers worldwide are shutting assembly lines due to the shortage of chips for the industry, which in some cases have been exacerbated by Donald Trump's actions against Chinese chip factories.

TSMC Chairman Mark Liu said the company first heard about the shortages in December and the following month began trying to squeeze out as many chips as possible for automakers.

"Today, we think we are two months ahead, that we can catch up the minimum requirement of our customers before the end of June", he said.

However, when asked if the car chip shortage would end in two months, he said "no".

"There's a time lag. In-car chips particularly, the supply chain is long and complex. The supply takes about seven to eight months", Liu added.

While the chip shortage began first being felt by carmakers, it has spread to other sectors like consumer electronics.