[News] Micron, UMC Reportedly Eye Stake in Taiwan’s Quasi-Government Green Power Firm

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According to a report from TechNews, citing Central News Agency, Taiwan’s Ministry of Economic Affairs is leading the establishment of the quasi-government-owned power company, Taiwan Intelligent Electric Power. The report notes that companies such as foundry company UMC, IC packaging and testing company ASE Group and Micron Technology have reportedly expressed interest in participating.

In response, the Ministry of Economic Affairs confirmed that several private companies have shown strong interest in joining, primarily due to their need for a stable supply of green energy. However, discussions are still ongoing, as the report indicates.

Taiwan Intelligent Electric Power, funded by investments from China Steel Corporation (CSC), is registered with a capital of NTD 2.5 billion (≈ USD  77 million), as mentioned by the report. Private enterprises are reportedly highly interested in participating because they would gain priority access to green energy.

According to the report, CSC has begun discussions with green energy companies to draft an MOU template, which will later be shared with potential investors, including major semiconductor packaging and testing companies.

The report indicates that each shareholder will hold about 10% equity, with the aim of securing funds next year and having up to 10 shareholders. Once the shareholders are finalized, the company can officially begin pre-registration for businesses requiring green energy, as the report notes.

Initially, the plan was for CSC to establish Taiwan Intelligent Electric Power and invite quasi-government entities such as Chunghwa Telecom, Taiwan High-Speed Rail, and CPC Corporation to invest. However, due to objections from lawmakers across political parties, the report notes that the Ministry of Economic Affairs is adjusting its strategy.

It now plans to invite private enterprises to invest first at the beginning of next year to establish a successful commercial model, as the report indicates. Following this, quasi-government entities will be invited to join, with the final stage involving investments from the National Development Fund and YaoHua Glass.

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(Photo credit: Micron)