FILE PHOTO: Ko Wen-je, presidential candidate of Taiwan People's Party (TPP), attends a press conference ahead of the presidential and parliamentary elections, in Taipei, Taiwan January 12, 2024. REUTERS/Carlos Garcia Rawlins/File Photo
TAIPEI: Taiwan is “very open” to using new nuclear technology to meet surging demand from chipmakers devouring electricity in the artificial intelligence (AI) boom, according to Premier Cho Jung-tai –one of the strongest signs yet that the government is rethinking its opposition to reactors.
“As long as there is a consensus within Taiwan on nuclear safety and a good direction and guarantees for handling nuclear waste, with this strong consensus, we can have a public discussion,” Cho said in an interview with Bloomberg News.
“We hope that Taiwan can also catch up with global trends and new nuclear technologies,” Cho said last Thursday, while also reiterating his view that “Taiwan will have no issues with power supply for industries before 2030.”
Cho’s comments underscored what appears to be a shift by a government that has opposed using nuclear for safety reasons. Public support for using reactors in Taiwan plunged in 2011 when neighbouring Japan was struck by an earthquake that wrecked the Fukushima plant, leading to a crisis Tokyo is still sorting out.
The opposition to nuclear power is getting harder to maintain given the incessant demand that the AI boom is placing on chipmakers like Taiwan Semiconductor Manufacturing Co Taiwan has raised electricity prices twice this year, with the latest being a 12.5% increase for industrial users that began earlier this month.
Still, TSMC chief executive officer C. C. Wei said during a post-earnings call that the company has been assured by the government it will have enough electricity, water and land to support expansion.
Taiwan isn’t alone in taking a closer look at nuclear to boost power supply.
Microsoft Corp is helping revive the shuttered Three Mile Island nuclear plant in Pennsylvania by agreeing to buy all the output.
Meanwhile, Alphabet Inc’s Google and Amazon.com Inc are both investing in next-generation nuclear technology.
The Philippines and South Korea have also agreed to conduct a feasibility study on possibly rehabbing the South-East Asian nation’s mothballed nuclear plant.
Taiwan’s rethink also comes as China’s military has staged drills that appear to simulate a blockade of the self-ruled island that’s home to 23 million people. Though there are no signs of imminent conflict, the risk of Taiwan being cut off from important energy supplies is one that officials such as Cho must consider.
Underscoring the interest in someday embracing nuclear power, the 65-year-old Cho said he’d ask the state-backed power provider to make sure that personnel from the archipelago’s decommissioned reactors stay in their jobs. Taiwan is set to close its last nuclear reactor in the spring.
“This is because we need to prepare for future nuclear technology developments and to respond to any potential legal changes in Taiwan,” Cho said.
In addition to boosting power demand, surging global investment in AI has also put Taiwan’s chipmakers, especially TSMC, in the spotlight because they make the vast majority of the world’s most-advanced semiconductors. The United States, Japan and other governments have in turn sought to lure TSMC to build chip plants on their soil.
The government of Taiwanese President Lai Ching-te, of which Cho is a member, has been fine with TSMC’s overseas expansion. — Bloomberg
