Taiwan’s TSMC has suspended work at some production sites where chips are created due to an earthquake on the island, Bloomberg writes.
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On Wednesday, April 3, a 7.4 magnitude earthquake occurred in Taiwan. It has become the most powerful in the last 25 years. At 14:30 Moscow time, 10 people were killed and about a thousand more were injured.
According to Bloomberg, production at parts of Taiwan Semiconductor Manufacturing Company’s businesses was suspended due to staff evacuation.
Work is planned to resume after inspection and assessment of the damage caused by the natural disaster.
Bloomberg emphasizes that Taiwan is “extremely important” to the global economy, with the island providing more than half of the global market for laptops, networking devices and motherboards. TSMC supplies its chips, in particular, to companies such as Nvidia and Apple.
In early March, TSMC shares rose in price to a record high in the company’s listing history in Taiwan. At the close of trading on March 4, the shares had risen 5.22% to $23 per share. TSMC’s capitalization increased to $597 billion.
Author:
Natalia Gormaleva
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
