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Chip Industry in Taiwan Calls for Accelerated Renewable Energy Development

Summary

Taiwan’s chip industry is ready to collaborate with the government to achieve its goal of net-zero emissions by 2050, but the development of renewable energy needs to be accelerated to keep pace with the growth of artificial intelligence, said the […]

Chip Industry in Taiwan Calls for Accelerated Renewable Energy Development

Taiwan’s chip industry is ready to collaborate with the government to achieve its goal of net-zero emissions by 2050, but the development of renewable energy needs to be accelerated to keep pace with the growth of artificial intelligence, said the industry’s top executive.

Cliff Hou, Senior Vice President of Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest chipmaker, emphasized that stable and renewable energy is key to the development of the entire chip industry. Taiwan is largely dependent on energy imports, primarily in the form of natural gas and coal, but has embarked on a major campaign for more renewable energy to achieve climate neutrality goals.

Last month, with renewed appeals from chip industry associations to the government, including for a stable supply of green energy, Hou stated that Taiwan’s chip industry aims to leverage the opportunities of artificial intelligence.

“In terms of energy, we hope the government can actively develop new energy sources and maintain supply stability for the chip industry,” Hou added.

The industry and the government agree to collaborate in achieving the net-zero goal by 2050, he said.

“But here we encounter several challenges,” Hou said. “Overall net-zero energy supply currently lags behind the demand of our entire chip industry. We hope the government will accelerate the development of new energy sources.”

In 2021, Taiwan Semiconductor Manufacturing Co Ltd. (TSMC) announced its plan to achieve net-zero emissions by 2050, aligning with the goal set by the government that year.

Along with concerns about renewable energy supply, chip companies are also worried about its availability and affordability, Hou told reporters.

Doris Hsu, CEO of GlobalWafers, told reporters that artificial intelligence will be a key driver of rapid growth in the next decade, but Taiwan’s chip industry faces multiple pressures as it grows.

“It’s not enough to have energy, you need green energy to compete on a global level,” Hsu said.

Frequently Asked Questions:

What is Taiwan’s goal for 2050 regarding emissions?
– Taiwan’s goal is to achieve net-zero emissions by 2050.

How does Taiwan rely on energy?
– Taiwan mainly relies on energy imports, primarily in the form of natural gas and coal.

Which industry is considered crucial for Taiwan?
– Taiwan’s chip industry is considered crucial for the country.

What are the concerns of chip companies regarding renewable energy?
– Chip companies are concerned about the supply and financial affordability of renewable energy.