Taiwan’s semiconductor industry, the world’s second-largest by revenue after the US, has also elevated the strategic importance of the self-ruled island of nearly 24 million people that China views as part of its territory. Credit: Handout.

Thanks to soaring demand for its 5 nm chips, the Taiwan Semiconductor Manufacturing Corporation (TSMC) is planning to send more than 1,000 engineers to its facilities in Tainan’s Southern Taiwan Science Park to assist in boosted production, Taiwan News reported.

TSMC has now become the leading semiconductor manufacturing contractor in the world controlling more than 50% of the almost US$70 billion third-party fabrication market as of January 2020, according to SeekingAlpha.

While the Trump’s administration focused mainly on sidelining China for sophisticated chips, a recent problem has cropped up with big automobile companies including Ford and General Motors in dire need of semiconductors, even having to cut production.

Due to orders from Apple, Qualcomm, Advanced Micro Devices (AMD), and MediaTek, the world’s largest contract chipmaker is planning to dispatch the engineers to Tainan in five to six batches, Taiwan News reported.

The company is deploying the extra hands in order to increase its current 5 nm capacity, which stands at around 60,000 to 70,000 wafers per month, up to 120,000 wafers a month, UDN reported.