Tuesday, April 2, 2024

Chips: "TSMC Evacuates Production Lines After Major Taiwan Quake"

From Bloomberg via Yahoo Finance, April 2:

Taiwan Semiconductor Manufacturing Co. evacuated factory areas after a major earthquake rocked its home island Wednesday, endangering production at the world’s largest maker of advanced chips. 

The chipmaker to Apple Inc. and Nvidia Corp. moved staff out of certain areas, spokeswoman Nina Kao said in a text message, without elaborating. The world’s biggest contract chipmaker is still assessing the impact of a temblor measuring 7.4 in magnitude off the east coast, which triggered tsunami warnings....

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And from Nikkei Asia, April 3:

Taiwan rocked by earthquake; tsunami warnings in Japan and Philippines  

A powerful earthquake struck in the ocean near Taiwan on Wednesday morning, triggering tsunami warnings for coastal areas in the Japanese prefecture of Okinawa as well as part of the Philippines.

The quake registered at 7.2 off the coast of Hualien, according to Taiwan's central weather administration, which said it was the biggest temblor to hit the island since September 1999. It was not immediately clear how much damage the quake caused, but pictures showed severely tilted buildings and damaged train tracks. In Taiwan's crucial tech sector, many facilities were evacuated.

Power was out in several parts of Taipei, according to Reuters, while the metro system was suspended for safety checks. On Taiwan's stock market, the Taiex Weighted Index fell to 20,388.84 at the opening, down 77.73 points or 0.38% from the previous day's close. The fall extended to 0.77% a minute after the bell.

The local governments of Hualien and New Taipei City announced they were suspending work and school classes for the day.

In Japan, the Meteorological Agency measured a preliminary magnitude of 7.5, warning of a tsunami that could reach as high as 3 meters in Okinawa. At 9:18 a.m., a tsunami of up to 30 cm was observed at Japan's Yonaguni Island, near Taiwan....

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