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Global chip shortage could persist until 2022, TSMC warns

Net profit for Taiwan chipmaker rises 20% amid unprecedented demand

TSMC's robust earnings come as the world's electronics and automobile makers face serious chip shortages. (Photo by Akira Kodaka)

TAIPEI -- The chip shortage that is crippling swaths of global industry could extend into next year, Taiwan Semiconductor Manufacturing Co. said on Thursday as the world's biggest contract semiconductor maker unveiled bumper quarterly profits.

The warning, from the Taiwanese company at the heart of the global tech supply chain, suggests that the shortages that have rocked automakers and are spreading into consumer electronics will continue to reverberate.

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