Taiwan forecasts its annual electricity demand will grow 2.5% per year from 2026 to 2035 to meet the needs of AI data centers and its booming semiconductor industry, media report, up from 1.2% average growth over the past decade. Media note the 2.5% projection is lower than the 2024 forecast of 2.8% for 2026-2035, and highlights Nvidia CEO Jensen Huang saying more than once during his recent visit: “Taiwan needs more power.”
Officials say the forecast is higher than South Korea’s projection of a 2.1% increase per year 2026-2035 and Japan’s 1.1% between 2020-2040. Officials also said the semiconductor industry’s power demands are significantly bigger than that for AI data centers, currently. $NVIDIA(NVDA.US) $Taiwan Semiconductor(TSM.US) $Advanced Semiconductor Engineering(ASX.US) $United Microelectronics(UMC.US) #semiconductors #semiconductorSource: Dan Nystedt
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