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Chip shortage tipped to give GDP a boost
PRODUCTION ISSUES: Automakers face problems with a lack of supply, while the effect on memory chips may see the situation spill over into the smartphone industry
By Crystal Hsu / Staff reporter
A global shortage of semiconductor chips, which has affected the automotive industry and is threatening to spill over to other sectors, bodes well for Taiwan’s exports and GDP growth this year, Australia and New Zealand Banking Group (ANZ) said yesterday.
“We believe the robust demand for chips will add tailwinds to the economy’s export orders and
production outlook over the first half of this year, at least,” ANZ said, projecting GDP growth this year of 3.8 percent.