TSMC taps wind power as AI chip demand soars, Taiwan feels energy crunch
Summary
Taiwanese chipmaker TSMC signs a 30-year corporate power purchase agreement to buy all power from the Hai Long offshore wind project, expanding over 1 GW of capacity to support AI chip manufacturing. The move comes as Taiwan faces an energy crunch due to LNG supply disruptions, prompting renewables expansion and policies to diversify energy sources while TSMC targets 60% renewable energy by 2030 and 100% by 2040.