TAIPEI (Taiwan News) — Chunghwa Telecom Chair Chien Chih‐cheng (簡志誠) announced a slew of investment plans on Tuesday.

Speaking at a banquet, Chien said the company’s profits are expected to hit an eight-year high, per CNA. “With AI support, we aim for an NT$1 trillion market cap by 2025,” he added, per UDN.

Chien outlined six major investment areas. First, AI technology will be the company’s primary focus for expansion. Second, next-generation networks, including 5G, 6G, and full-fiber networks, will see more development.

Third, the company will focus on cybersecurity and submarine cable deployment. Investments will continue in land-based mobile networks, with 4G and 5G enhancements to improve quality and increase microwave capacity.

Fourth, investments will also focus on subsidiary contributions, which generate NT$40 billion (US$1.21 billion) to NT$50 billion in annual revenue. Fifth, the company will focus on asset revitalization through localized strategies.

Lastly, the company will strengthen sustainability and net-zero carbon reduction efforts, including technology-driven carbon reduction and renewable energy investments.

Chunghwa Telecom’s consolidated 2024 revenue reached NT$230.03 billion, with a net profit attributable to the parent company of NT$37.21 billion, marking 0.8% annual growth. Earnings per share stood at NT$4.8 (US$0.15).