Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said it has signed a joint procurement contract with ARK Power Co (誠新電力) to provide 20 terawatt-hours of solar energy as part of the chipmaker’s broader efforts to reduce its carbon footprint together with companies in its supply chain.
TSMC is leading an environmental, social and governance innovation model of domestic renewable energy joint procurement by creating a platform to match renewable energy with industrial power consumption.
The agreement enables TSMC as well as suppliers and subsidiaries that would like to purchase renewable energy to be matched with ARK Power, which assists in assessing their electricity demand and planning the best blueprint for renewable energy adoption.
Photo: Lam Yik Fei, Bloomberg
Since last month, TSMC suppliers have signed memorandums of understanding to procure renewable energy to jointly help the local semiconductor supply chain reduce the industry’s carbon footprint, TSMC said in a statement.
Through the joint procurement model, participating suppliers are assured of long-term contracts with stable pricing, thus lowering the threshold for TSMC suppliers and subsidiaries to adopt renewable energy, it said.
The agreement provides 1,000GWh per year of renewable energy for 20 years, or 20 terawatt-hours in total, equivalent to the annual electricity consumption of 250,000 households, it said.
TSMC is to take up 500GWh per year, while inviting suppliers to jointly subscribe to the other half.
Altogether, this venture is expected to cut about 500,000 tonnes of carbon emissions per year.
“Through this innovative joint procurement model for renewable energy, we join hands with our industry partners to promote a sustainable low-carbon semiconductor supply chain,” J.K. Lin (林錦坤), senior vice president of TSMC’s Information Technology and Materials Management & Risk Management, said in the statement.
As a solar energy developer, ARK Power’s parent ARK Solar Energy Co (誠新綠能) said it expects to provide a total of 2 gigawatts of electricity within three years.
Elon Musk’s lieutenants have reached out to chip industry suppliers, including Applied Materials Inc, Tokyo Electron Ltd and Lam Research Corp, for his envisioned Terafab, early steps in an audacious and likely arduous attempt to break into the production of cutting-edge chips. Staff working for the joint venture between Tesla Inc and Space Exploration Technologies Corp (SpaceX) have sought price quotes and delivery times for an array of chipmaking gear, people familiar with the matter said. In past weeks, they’ve contacted makers of photomasks, substrates, etchers, depositors, cleaning devices, testers and other tools, according to the people, who asked not to
Taichung reported the steepest fall in completed home prices among the six special municipalities in the first quarter of this year, data compiled by Taiwan Realty Co (台灣房屋) showed yesterday. From January through last month, the average transaction price for completed homes in Taichung fell 8 percent from a year earlier to NT$299,000 (US$9,483) per ping (3.3m²), said Taiwan Realty, which compiled the data based on the government’s price registration platform. The decline could be attributed to many home buyers choosing relatively affordable used homes to live in themselves, instead of newly built homes in the city’s prime property market, Taiwan Realty
JET JUICE: The war on Iran’s secondary effects have seen fuel prices skyrocket, knocking flight schedules down to earth in return as airlines struggle with costs Airline passengers should brace for more irritation in the next few months as carriers worldwide cancel flights and ground planes to cope with stratospheric increases in jet-fuel prices. Dutch flag carrier KLM is the latest company to cut its schedule, saying on Thursday that it would scrap 80 return flights at Amsterdam’s Schiphol Airport in the coming month. That puts it in the same league as United Airlines Holdings Inc, Deutsche Lufthansa AG and Cathay Pacific Airways Ltd, which have all pruned itineraries to mitigate costs. Global capacity for next month has been reduced by about 3 percentage points, with all
The government yesterday approved applications by Alphabet Inc’s Google to invest NT$27.08 billion (US$859.98 million) in Taiwan, the Ministry of Economic Affairs said in a statement. The Department of Investment Review approved two investments proposed by Google, with much of the funds to be used for data processing and electronic information supply services, as well as inventory procurement businesses in the semiconductor field, the ministry said. It marks the second consecutive year that Google has applied to increase its investment in Taiwan. Google plans to infuse NT$25.34 billion into Charter Investments Ltd (特許投資顧問) through its Singapore-based subsidiary Fructan Holdings Singapore Pte Ltd, and
RSS