The Ministry of Economic Affairs is to determine whether to raise electricity rates based on the outcome of a September meeting of its electricity rate review committee, Deputy Minister of Economic Affairs Lai Chien-hsin (賴建信) said yesterday.
A local media report yesterday speculated that a 5 percent rate hike affecting 14.5 million residential and industrial customers was being considered for October if the legislature fails to approve a NT$100 billion (US$3.43 billion) subsidy for Taiwan Power Co (Taipower, 台電).
The report cited Minister of Economic Affairs J.W. Kuo (郭智輝) as saying that the committee in September would have “no reason not to raise prices” if the Legislative Yuan does not approve the subsidy.
Photo: CNA
The Executive Yuan has submitted a special bill to the legislature that earmarks NT$100 billion for Taipower as part of a NT$410 billion package to address international challenges.
The ministry has already established a review mechanism to evaluate electricity rates, and the committee meets biannually, Lai said.
Due to instability in the Middle East, the ministry has also formed an emergency response team to estimate possible energy price scenarios, he added.
The team has held nightly meetings since the start of the Israel-Iran conflict to monitor global developments, and the stability of the energy supply and reserves, he said.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday said its materials management head, Vanessa Lee (李文如), had tendered her resignation for personal reasons. The personnel adjustment takes effect tomorrow, TSMC said in a statement. The latest development came one month after Lee reportedly took leave from the middle of last month. Cliff Hou (侯永清), senior vice president and deputy cochief operating officer, is to concurrently take on the role of head of the materials management division, which has been under his supervision, TSMC said. Lee, who joined TSMC in 2022, was appointed senior director of materials management and
Gudeng Precision Industrial Co (家登精密), the sole extreme ultraviolet pod supplier to Taiwan Semiconductor Manufacturing Co (台積電), yesterday said it has trimmed its revenue growth target for this year as US tariffs are likely to depress customer demand and weigh on the whole supply chain. Gudeng’s remarks came after the US on Monday notified 14 countries, including Japan and South Korea, of new tariff rates that are set to take effect on Aug. 1. Taiwan is still negotiating for a rate lower than the 32 percent “reciprocal” tariffs announced by the US in April, which it later postponed to today. The
MAJOR CONTRIBUTOR: Revenue from AI servers made up more than 50 percent of Wistron’s total server revenue in the second quarter, the company said Wistron Corp (緯創) on Tuesday reported a 135.6 percent year-on-year surge in revenue for last month, driven by strong demand for artificial intelligence (AI) servers, with the momentum expected to extend into the third quarter. Revenue last month reached NT$209.18 billion (US$7.2 billion), a record high for June, bringing second-quarter revenue to NT$551.29 billion, a 129.47 percent annual increase, the company said. Revenue in the first half of the year totaled NT$897.77 billion, up 87.36 percent from a year earlier and also a record high for the period, it said. The company remains cautiously optimistic about AI server shipments in the third quarter,
Nvidia Corp CEO Jensen Huang (黃仁勳) on Thursday met with US President Donald Trump at the White House, days before a planned trip to China by the head of the world’s most valuable chipmaker, people familiar with the matter said. Details of what the two men discussed were not immediately available, and the people familiar with the meeting declined to elaborate on the agenda. Spokespeople for the White House had no immediate comment. Nvidia declined to comment. Nvidia’s CEO has been vocal about the need for US companies to access the world’s largest semiconductor market and is a frequent visitor to China.
RSS