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Taiwan chip production on track for record in 2021, even bigger 2022

Taipei and TSMC urge Japanese investment in island's semiconductor supply chain

Taiwan Semiconductor Manufacturing Co. this month said it will build a new factory in the southern Taiwanese city of Kaohsiung.   © Reuters

TAIPEI -- Taiwan's semiconductor production is expected to jump by more than a quarter this year to a record high, a new estimate shows, marking the biggest rise in the past decade as suppliers rush to ease a global chip shortage.

Output will grow 25.9% in 2021 to a 4.1 trillion New Taiwan dollars ($147 billion), according to a new report published this month by the Industry, Science and Technology International Strategy Center, a government think tank.

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