Taiwan Has Enough Water To Keep Chipmakers Humming Till May
Hmmmmmm shares a report from Bloomberg: Taiwan offered reassurances Monday it has sufficient water reserves to keep a giant tech industry led by Taiwan Semiconductor Manufacturing Co. humming till late May, when monsoon rains arrive to alleviate its worst drought in decades. The island should have enough water to supply the public and industry till then though precipitation is likely to fall short of average historical levels, Minister of Economic Affairs Wang Mei-hua told reporters Monday. The drought has so far exerted no impact on TSMC nor other companies, Wang added. Taiwan faces its worst drought in 56 years, a challenge to water-intensive sectors of the economy from chipmakers to textile factories and farms. The heightened level of concern coincides with a global shortage of semiconductors that's halting output at automakers from General Motors Co. to Volkswagen AG, spurring TSMC and its peers to run their fabs at close to full capacity to try and sate demand. Spanning the Tropic of Cancer in the western Pacific Ocean, Taiwan typically receives copious amounts of rainfall. But last year was abnormally dry by historical standards. Hsinchu City, home to the likes of TSMC and MediaTek Inc., received just half the amount of rain in 2020 than it did the year before. The southern city of Tainan, another major center of technology manufacturing, also saw a significant drop-off in the amount of rain. Typhoons are usually an important source of precipitation but they didn't deliver for Taiwan last year. Not a single typhoon made landfall in all of 2020. Over the past century, the island is hit by between three and four typhoons each year on average, according to the island's Central Weather Bureau.
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