(Bloomberg) — Taiwan is “very open” to using new nuclear technology to meet surging demand from chipmakers devouring electricity in the 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 on Thursday, while also reiterating his view that “Taiwan will have no issues with power supply for industries before 2030.”
Cho’s comments underscore 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 neighboring 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 artificial intelligence 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 Thursday 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 Southeast 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.
