Chip Hub Taiwan Keeps Power Prices Unchanged Despite War
Buildings illuminated at dusk in Taipei.
Photographer: I-Hwa Cheng/BloombergTaiwan, home to some of the world’s biggest chipmakers, will keep its electricity rates unchanged for now to mitigate inflationary pressures from the war in the Middle East.
Taiwan’s Economics Ministry considered geopolitical risks and volatile global energy prices while also seeking to stabilize inflation and support industrial competitiveness, it said in a statement Friday, following a review of pricing. The island is confident there will be no shortage of power in the short term, a ministry official said in a briefing.