Chip Hub Taiwan to Raise Power Prices from Mid-October
- Industrial users will see costs go up by an average 12.5%
- State utility has suffered hefty losses in the past two years
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Taiwan, home to some of the world’s biggest chipmakers, will raise its electricity rates again from mid-October in a move that will impact the island’s industrial users.
Industries will face an average 12.5% hike in power prices from October 16, according to Taiwan’s Economics Ministry. The decision will affect energy bills for bigger users, including the likes of Taiwan Semiconductor Manufacturing Co.