TAIPEI—Taiwan sees a limited impact on its economy and its key semiconductor industry from its COVID-19 outbreak and is well prepared to ensure chip fabs can operate as normal, officials said on Tuesday. Tech-heavyweight Taiwan is experiencing an unusual spike in domestic cases after months of keeping the pandemic well under control, and has closed schools across the island and tightened curbs in the capital, Taipei. National Development Council Minister Kung Ming-hsin told reporters that as long as the outbreak can be brought under control by the end of June then there would only be a 0.16 percentage point hit to gross domestic product. However, that would rise to 0.53 percentage points if it took to the third quarter to control the outbreak, he said. Taiwan’s economy grew at its fastest pace in more than a decade in the first three months of 2021 as the “work from home” boom …