TSMC taps wind power as AI chip demand soars, Taiwan feels energy crunch

Taiwanese chipmaker TSMC has signed a 30-year corporate power purchase agreement for wind power from the Hai Long offshore wind project to help Taiwan develop energy alternatives amid a global energy crisis. The deal covers over 1 gigawatt of power capacity and will power over 1 million households. TSMC is investing in renewable energy as it experiences record profits during the AI boom.