Global Chip Hub Taiwan to Raise Power Rates on Pricey Fuel

Technology

Taiwan’s industrial sector, including the world’s largest contract chipmaker, will be hit with the island’s first power price increase in four years as the state-owned utility grapples with soaring fuel costs.

About 22,000 large industrial users will pay 15% more for high voltage and ultra-high voltage electricity, the Ministry of Economic Affairs said in a press release. A small number of homes that consume large amounts of electricity will also face a 9% hike on a portion of their usage, the ministry said. The adjustments will take effect July 1.