TSM - Semiconductor Chip Inflation Risk - Taiwan Semi to Face Up to 25% Electricity Tariff Hike in Taiwan | Benzinga
Taiwan Semiconductor Manufacturing Co (NYSE:TSM), along with other internet data centers and large-scale industrial users in Taiwan, is poised to experience an increase in power tariffs ranging from 15% to 25% starting April 1, as announced by Taiwan’s Economics Ministry.
This adjustment in electricity rates, which aims to alleviate the financial strain on the state-owned utility Taiwan Power Co. following its consecutive annual losses, is expected to have a ripple effect, potentially spurring inflation across the island.
The households will see their electricity costs rise by 3% to 10%, Bloomberg reports.