Taiwan to Decide on Power Tariff Hikes That Would Hit Chipmakers

Taiwan’s government will decide on potential power tariff increases after confirming the level of subsidies to be allocated to the country’s loss-making utility Taiwan Power Co., Economic Minister Wang Mei-hua told lawmakers.

State-run Taipower reported a loss of NT$198.5 billion ($6.3 billion) in 2023 and the electricity supplier should aim to break even this year with government support, the minister told a legislative session Thursday.