Despite ambitious climate targets, the chipmaker faces a widening renewable energy shortfall that could undermine competitiveness, supply-chain resilience and Taiwan’s energy security.
If the current war creates a prolonged oil crisis, there will be more downward pressure on oil use – and an equal acceleration in China of electric car production at home, with an associated surge in exports.
While overland cables are just as important, the geographic flexibility offered by subsea cables will have a catalytic impact on regional energy transition by increasing the numbers of energy buyers and sellers.