The government has come under pressure to allow private firms to buy vaccines, and said while it welcomes the idea and is willing to help.
A good method is for the government to, under this framework, authorise TSMC and the Yonglin Education Foundation to buy them and then donate to the government.
Semiconductors are an essential part of modern tech from smartphones to games consoles and new cars, with the auto industry one of the hardest hit by the shortage.
It cited Alice Cheng, an executive at the science park administration, as saying that most companies there have backup systems in the event of power failure.
The operations of TSMC, whose clients include Apple Inc and Qualcomm Inc, are being closely watched by its customers and investors due to a global shortage of chips for everything from cars to washing machines.
TSMC, like other technology firms, has benefited from the work-and-study-from-home trend during the COVID-19 pandemic, as people rushed to buy laptops, tablets and other equipment.