Stable power supply is crucial for Taiwan’s industry, especially in the face of growing electricity demand driven by artificial intelligence. That came from industry representatives ahead of the first session of the Economic and Industrial Advisory Committee on Friday, June 12.

The ministry formed the body this year in response to the global AI boom and international supply chain restructuring trends. Attending the body’s first meeting were Economic Minister Kung Ming-hsin (龔明鑫), Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) Chairman and Foxconn (Hon Hai) Chairman Liu Young-way (劉揚偉), and Chinese National Federation of Industries Honorary Chairman Rock Hsu (許勝雄).

Hsu said ahead of the meeting that the Economic Ministry hopes to use this advisory body to understand the conditions in which various industries operate,  ways to strengthen competitiveness, and possible government support for companies diversifying their global operations. Hsu added that both the government and the business community have repeatedly raised the issue of hydropower. He said the industry hopes the government will keep its earlier promise of no power shortages by 2034, even in the face of growing electricity demand driven by AI.