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Chunghwa Telecom Boosts Submarine Cable Investment and Secures Long-Term Offshore Wind Power

Story Highlights
  • On March 11, 2026, Chunghwa Telecom raised its AUG East submarine cable investment above NT$2.9 billion to expand global bandwidth.
  • On March 12, 2026, Chunghwa Telecom agreed to buy 23 MW of offshore wind power for at least 30 years to meet climate goals.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Chunghwa Telecom Boosts Submarine Cable Investment and Secures Long-Term Offshore Wind Power

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Chunghwa Telecom Co ( (CHT) ) has shared an announcement.

On March 11, 2026, Chunghwa Telecom increased its investment in the AUG East submarine cable project to more than NT$2.9 billion, adding about NT$0.502 billion to its previous commitment. The company, joining other network service providers and suppliers including NEC, aims to boost international transmission capacity and diversify cable routes to enhance service quality for its telecom customers.

On March 12, 2026, the company moved to strengthen its sustainability strategy by agreeing to purchase renewable energy from Taiwan Smart Electricity & Energy Co., Ltd. Chunghwa Telecom will secure at least 23 MW of offshore wind capacity for a minimum of 30 years to help cut carbon emissions by 50%, reach 100% renewable power in its IDC data centers by 2030, and advance toward its RE100 and net-zero targets by 2045.

The most recent analyst rating on (CHT) stock is a Buy with a $47.00 price target. To see the full list of analyst forecasts on Chunghwa Telecom Co stock, see the CHT Stock Forecast page.

Spark’s Take on CHT Stock

According to Spark, TipRanks’ AI Analyst, CHT is a Outperform.

The score is driven primarily by strong financial performance (durable margins, low leverage, dependable cash generation). Earnings-call guidance is constructive but tempered by cost growth outpacing revenue and higher non-mobile CapEx. Technical signals are largely neutral, while valuation is a modest headwind given the relatively high P/E despite a solid dividend yield.

To see Spark’s full report on CHT stock, click here.

More about Chunghwa Telecom Co

Chunghwa Telecom Co., Ltd. is Taiwan’s leading telecommunications provider, offering fixed-line, mobile, broadband and data center services to consumers and enterprises. The company also operates international network infrastructure, including submarine cables, and runs internet data centers that serve as a backbone for Taiwan’s digital and cloud economy.

Average Trading Volume: 192,375

Technical Sentiment Signal: Buy

Current Market Cap: $32.95B

See more insights into CHT stock on TipRanks’ Stock Analysis page.

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