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- Taiwan's chip boom is expected to drive a surge in the number of millionaires on the island, according to UBS.
- The island's semiconductor sector, led by TSMC, is bolstering its economy and exports.
- However, inequality in Taiwan has widened as the growth in tech industries is more robust than in other sectors.
Taiwan's status as the world's chip hub has kept the island's economy resilient.
The industry is so hot that Taiwan is expected to mint many new US-dollar millionaires in the next five years, according to Swiss bank UBS' annual wealth report, released on Wednesday.