TSMC will secure increased deposits on its cash deposits by June 2027.

On 5 November, lawmakers deferred CPC’s NT$233.8 billion capital injection and subsidies for CPC and Taipower, threatening funding that could reduce the utilities’ dependence on bank borrowing. Keeping those loans outstanding would prolong banks’ need to compete for stable deposits from cash-rich companies. An October report already linked utility financing to funding pressure at state banks and said rates offered to TSMC had risen from 1.75% to 2.1% within roughly four months. TSMC has considerable bargaining power because it can place substantial deposits without needing equivalent bank financing in return. Banks would retain interest income from the utilities but surrender part of that benefit through higher funding costs paid to corporate depositors. A prolonged energy rescue could therefore reward TSMC’s cash holdings while leaving smaller manufacturers competing with state utilities for scarce bank funding.