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AI & Enterprise

TSMC to buy all power from Taiwan Hai Long offshore wind project for 30 years

TSMC has agreed to buy all electricity generated by the Hai Long offshore wind project in the Taiwan Strait for 30 years, as AI chip demand drives rapid growth in power use. The agreement covers 100 percent of output from three offshore wind farms off Taiwan’s west coast, with capacity exceeding 1 gigawatt. The project is set for full operations in 2027. The move comes as Taiwan weighs energy security risks and accelerates renewables development.

Finance

Woori Financial steps up productive, inclusive finance, chair vows not to miss \'golden time\'

Woori Financial Group held an April council meeting on financing for advanced strategic industries, chaired by Chairman Lim Jong-ryong (임종룡), to review first-quarter results and second-quarter tasks for its 80 trillion won Future Shared Growth Project. Participants agreed to speed up productive finance amid rising external uncertainty. The group also outlined inclusive finance measures, including loan rate caps and interest relief, and plans to complete a groupwide platform in May.

AI & Enterprise

China starts undersea data centre off Shanghai to ease AI computing bottlenecks

China is accelerating the expansion of offshore infrastructure to meet surging demand for AI computing, with an undersea data centre linked directly to offshore wind power starting operations near Shanghai. The facility, built by Shanghai HiCloud Technology, was installed about 10 km off Shanghai’s eastern coast at a depth of 10 metres. The project involves 1.6 billion yuan of investment and a planned capacity of 24 MW. Researchers cite potential benefits but note standardisation, maintenance and economic viability challenges.