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

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.