[Taiwan semiconductor production on pace for record growth in 2021] Taiwan’s semiconductor production is forecast to have grown by more than 25 percent this year to reach a historic high amid the ongoing global chip crunch. Chip output for 2021 is expected to have increased by 25.9 percent to NT$4.1 trillion (US$147 billion), Nikkei cited government think tank the Industry, Science, and Technology International Strategy centre (ISTI) as saying. The ISTI added that semiconductor production next year is also expected to grow to around NT$4.5 trillion, on the back of strong demand for advanced chips. The chip industry has continued...