New Analysis The electronic chip shortage crisis has disrupted supply chain security and industrial activities worldwide. Amid a global semiconductor race, Taiwan Semiconductor Manufacturing Company (TSMC), the world’s top chipmaker, has become the company that is most invited to set up factories in many advanced economies. Since 2020, the semiconductor shortage has led to the reduced production of automobiles, smartphones, computers, and appliances, pushing chipmakers worldwide to rapidly expand their production capacity. The Semiconductor Industry Association (SIA) recently announced that the global semiconductor industry sales totaled $555.9 billion last year, the highest-ever annual total and a 26.2 percent increase over the $440.4 billion in sales in 2020. The industry shipped a record 1.15 trillion semiconductor units in 2021. However, this record chip supply has yet to alleviate the shortages. Advanced economies in North America, Europe, and Asia are introducing new policies to support their semiconductor industries, hoping to quickly establish …