TSMC can meet 'minimum' auto chip demand by June

• TSMC (NYSE:TSM) chairman Mark Liu tells CBS' 60 Minutes that the foundry should be able to meet the "minimum requirement" for auto chip customer demand by the end of June.
• Liu noted that the auto chip shortage wouldn't end at that time since there's a supply chain "time lag" with the supply taking seven to eight months.
• The program also included an interview with Intel (NASDAQ:INTC) CEO Pat Gelsinger, who said it will likely take "a couple of years" for the industry to catch up with the "surging demand across every aspect of the business."
• Gelisnger said Intel will be less focused on buybacks going forward to focus on its push to become a global foundry player.
• Liu, responding to a question about Intel's foundry push: "I think U.S. ought to pursue to run faster, to invest in R&D, to produce more Ph.D., master, bachelor students to get into this manufacturing field instead of trying to move the supply chain, which is very costly and really non productive. That will slow down the innovation because-- people trying to hold on their technology to their own and forsake the global collaboration."
• The continuing global chip shortage will be one of the tech and auto stock drivers to watch this week as earnings season continues.