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TSMC, which produces chips for tech giants such as Apple, Google and Qualcomm, accounts for one-third of total local stock market value and around 20% of estimated private sector investment. (Illustration by Michael Tsang)
Asia Insight

Taiwan's economy feels heat as TSMC feeds global chip boom

Demand for 'strategic resource' fuels labor, power and water shortages

CHENG TING-FANG and LAULY LI, Nikkei staff writers | Taiwan

TAINAN, Taiwan -- Business has never been brisker for construction companies in Taiwan as the world's biggest contract chipmaker rushes to build facilities through the Lunar New Year holiday to meet surging demand.

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