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)

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

February 9, 2021 05:45 JST

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.