With demand from East and West, Taiwan sees record chip orders

Production on island expected to grow 21% to $113bn

Taiwan Semiconductor Manufacturing Co. seeks more Japanese suppliers of chip production equipment to support its growth in orders. (Photo courtesy of TSMC)

YU NAKAMURA, Nikkei staff writer

November 11, 2020 02:18 JST

TAIPEI -- Taiwanese chipmakers will boost output 21% this year to a record 3.22 trillion New Taiwan dollars ($113 billion), government estimates show, benefiting from increased demand for semiconductors from both the East and West.

Production is expected to grow by another 4% next year, according to a survey by the Industry, Science and Technology International Strategy Center, a Taiwanese public-sector think tank. The projected 21% increase from 2019 would represent the sharpest gain in the past decade. The figures include chip design.