TSMC’s Growing Electricity Demand Could Stress Credit In 2030 Warns S&P

The Taiwan Semiconductor Manufacturing Company (TSMC) faces a credit risk from its high electricity demand, notes a new report from S&P Global Ratings. TSMC is the most valuable Taiwanese firm in terms of market capitalization, and it is also a major electricity consumer in the country. According to the report, TSMC's electricity consumption accounts for 8% of Taiwan's usage as the firm speeds up the production of the advanced 3 nanometer chips, with one wafer unit requiring 40.5 kilowatt hours of electricity in 2023. This uptick in usage comes as data from Taiwan's state owned electricity provider TaiPower shows that […]

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