Chip Hub Taiwan to See Another Power-Price Hike from October.

Taiwan, a major hub for chip manufacturing, will be increasing its electricity rates again starting in mid-October. This will primarily affect industrial users, including Taiwan Semiconductor Manufacturing Co. The decision to raise prices comes as the island expects power consumption to continue growing due to demand from the AI sector. Taiwan Power Co., the state utility, has faced significant losses in recent years as it tried to keep prices low while fuel costs increased. The island heavily relies on imported coal and gas for its tech-driven economy, and efforts to diversify its energy mix with offshore wind are facing delays and challenges. [Extracted from the article]