He added that U.S. companies produce a mere 12 percent of the world's semiconductor chips, down from 37 percent 25 years ago. Bloomberg reports that, "companies worldwide say they expect supply-chain constraints due to logistics backlogs and the chip shortage to continue for much of 2021." "This is a big, critical industry and we want more of it on American soil: the jobs that we want in America, the control of our long-term technology future," said Gelsinger. The chip shortage has forced several automakers — including Ford Motors, Jaguar Land Rover Automotive, Mitsubishi Motors and Volvo Group — to cut output. At Taiwan Semiconductor Manufacturing Co., chair Mark Liu said that, "having heard about shortages at the end of last year, [TSMC] tried to 'squeeze' out as many chips as possible for car companies." He added that TSMC is two months ahead and can catch up to minimum requirements by end of June. But, he warned, "there's a time lag … in car chips particularly, the supply chain is long and complex."