With the COVID-19 pandemic debilitating global production for over two years, the global chip shortage has become an unprecedented crisis, making the semiconductor industry one of the most closely monitored sectors internationally. As a major site for semiconductor manufacture globally, Taiwan has shown outstanding results spanning the areas of IC design, packaging and wafer fabrication. Coming up second globally in IC design output value and first in market share for both wafer fabrication as well as packaging and testing, the country is a formidable force driving advances in the semiconductor industry.