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Technology

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)

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.

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