Pakistan outlined an ambitious quest to develop its semiconductor industry
Govt needs to offer tax incentives, other facilities to encourage foreign firms
Aims to be self-sufficient, compete globally with rivals
TSMC said it is doing all it can to increase productivity and alleviate a worldwide chip shortage
The shortage stems from a confluence of factors as carmakers, which shut plants during the Covid-19 pandemic last year
The global shortage is also impacting home appliance makers who are unable to meet demand
Electronics retailers are facing stock shortages for consoles as well as the new graphics cards from Nvidia and AMD
Car manufacturers have cut output as the chip market was swept clean by makers of consumer electronics
Sony is struggling to build enough PlayStation 5 consoles amid a global shortage of semiconductors
Automakers around the world are shutting assembly lines due to problems in the delivery of semiconductors