Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, has bought almost all green power produced and traded by certified enterprises in the country, the Bureau of Standards, Metrology and Inspection said yesterday.
To promote renewable energy development, the bureau established the National Renewable Energy Certification Center in 2017.
The bureau issued its first certificate in May 2017 and as of this month, it had issued 1.06 million certificates to enterprise power producers, enabling them to trade their power on a green energy transaction mechanism, which was inaugurated in 2020, or retain the electricity for self-use.
The 1.06 million certificates were issued for the production of 1.06 billion kilowatt-hours of electricity via renewable sources, cutting carbon emissions by 534,000 tonnes, the bureau said.
About 910,000 certificates have been traded on the transaction platform as of this month, with TSMC purchasing almost 900,000 certificates.
As for the remaining 150,000 certificates, the green power produced was for self-use, with TSMC also securing more than 7,100 certificates for green power which it generated for its own use.
Local enterprises like TSMC are keen to utilize green power as they incorporate environmental, social and governance (ESG) concepts into their core business operations.
The platform has encouraged many enterprises in a wide range of industries, such as energy, electronics, financial and biotech, to produce green power to transact or for self-use, a move that should raise the amount of green power used to generate electricity, the bureau said.
Some commercial buildings have also started producing green power by installing solar panels on their roofs, it added.
In addition to its large purchase of green power in Taiwan, TSMC has sold “green bonds” on the local market.
Green bonds, promoted by Taiwan’s capital markets and financial authorities, are aimed at encouraging companies to act in an environmentally responsible way, with the proceeds going to eco-friendly projects, said the Taipei Exchange (TPEx), which runs the local bond market.
Data compiled by the TPEx showed that TSMC has issued five tranches of green bonds in Taiwan, with an outstanding value of NT$17.4 billion (US$624 million).
Intel Corp chief executive officer Lip-Bu Tan (陳立武) is expected to meet with Taiwanese suppliers next month in conjunction with the opening of the Computex Taipei trade show, supply chain sources said on Monday. The visit, the first for Tan to Taiwan since assuming his new post last month, would be aimed at enhancing Intel’s ties with suppliers in Taiwan as he attempts to help turn around the struggling US chipmaker, the sources said. Tan is to hold a banquet to celebrate Intel’s 40-year presence in Taiwan before Computex opens on May 20 and invite dozens of Taiwanese suppliers to exchange views
Application-specific integrated circuit designer Faraday Technology Corp (智原) yesterday said that although revenue this quarter would decline 30 percent from last quarter, it retained its full-year forecast of revenue growth of 100 percent. The company attributed the quarterly drop to a slowdown in customers’ production of chips using Faraday’s advanced packaging technology. The company is still confident about its revenue growth this year, given its strong “design-win” — or the projects it won to help customers design their chips, Faraday president Steve Wang (王國雍) told an online earnings conference. “The design-win this year is better than we expected. We believe we will win
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest. The new charging piles, which deliver up to 1 megawatt of charging power, are designed for heavy-duty electric vehicles, and support a maximum current of 1,500 amperes and output of 1,250 volts, Delta said in a news release. “If everything goes smoothly, we could begin shipping those new charging systems as early as in the first half of next year,” a company official said. The new
SK Hynix Inc warned of increased volatility in the second half of this year despite resilient demand for artificial intelligence (AI) memory chips from big tech providers, reflecting the uncertainty surrounding US tariffs. The company reported a better-than-projected 158 percent jump in March-quarter operating income, propelled in part by stockpiling ahead of US President Donald Trump’s tariffs. SK Hynix stuck with a forecast for a doubling in demand for the high-bandwidth memory (HBM) essential to Nvidia Corp’s AI accelerators, which in turn drive giant data centers built by the likes of Microsoft Corp and Amazon.com Inc. That SK Hynix is maintaining its
RSS