Taiwan Semiconductor Manufacturing Company (TSMC) is now aiming to use 100% renewable energy for its global operations by 2040, ten years ahead of its original target. Further, the company increased its target for company-wide renewable energy consumption from 40% by 2030 to 60%.
Specifically, TSMC hopes to have 25% of power at its fabrication sites and 100% at other facilities to be from renewable sources by 2030. In addition to switching to renewable energy, TSMC has set out to reduce greenhouse gas emissions per unit of by 40% by 2030, as well as stop growth in carbon emissions and begin reducing them in 2025. In April, TSMC also signed a renewable energy joint procurement contract with ARK Power.
