Taiwan Semiconductor Manufacturing Company (TSMC) is capitalizing on the booming demand for artificial intelligence (AI) chips while simultaneously addressing Taiwan's energy supply issues. The company has entered into a 30-year corporate power purchase agreement with Northland Power, a Canadian energy producer, to acquire 100 percent of the power generated from the Hai Long offshore wind project. This project, located off the western coast of central Taiwan in the Taiwan Strait, is expected to provide over 1 gigawatt of power capacity, sufficient to supply electricity to more than 1 million Taiwanese households. The wind farms are projected to start supplying power to Taiwan's grid in 2025 and reach full operational status by 2027. This initiative is crucial as Taiwan faces an energy crunch due to geopolitical tensions in the Middle East, which have disrupted natural gas supplies, a key energy source for the island. Taiwan relies heavily on natural gas for about half of its electricity needs, and the government has been forced to seek alternative suppliers to mitigate potential shortages.