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TSMC Accelerates Renewable Energy Goals, Aims for 100% Clean Energy by 2040

TSMC, the Taiwan Semiconductor Manufacturing Company, has announced that it is moving up its target for using 100% renewable energy for its global operations to 2040, ten years ahead of its original goal. The company is a member of RE100, a global renewable energy initiative that aims for net-zero carbon emissions by 2050. TSMC has also increased its target for company-wide renewable energy consumption from 40% by 2030 to 60%. By 2030, the company hopes to have 25% of power at its fabrication sites and 100% at other facilities sourced from renewable sources. TSMC has also committed to reducing greenhouse gas emissions per unit by 40% by 2030 and stopping growth in carbon emissions, beginning to reduce them in 2025. In April, TSMC signed a renewable energy joint procurement contract with ARK Power. TSMC Chairman Mark Liu stated that the company sees green manufacturing as the foundation of its sustainability management. Other semiconductor producers, such as Samsung Electronics, have also made commitments to combat climate change and increase their investment in green initiatives. Both TSMC and Samsung Electronics are members of RE100.

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