Earthquake Shakes Taiwan, Causes Devastation and Disruption in High-Tech Industries

Taiwan earthquake causes severe damage to iPhone and AI chip factories

On Wednesday morning, a massive 7.2 magnitude earthquake struck the waters near Taiwan, causing widespread devastation and loss of life. The quake, with its epicenter off the coast of Hualien, was the largest earthquake to hit the island since September 1999. As the day progressed, reports of casualties and injuries continued to come in, with nine people confirmed dead and hundreds injured by late afternoon.

The impact of the earthquake was felt throughout Taiwan’s high-tech industries as well. Taiwanese technology companies quickly assessed the damage, with Taiwan Semiconductor Manufacturing Co. (TSMC) evacuating some of its factories as a precaution. Other companies like United Microelectronics and display manufacturers Innolux and AUO also evacuated plants and worked to restart production machinery. TSMC reported damage to some wafers and machinery at its Hsinchu factories, potentially requiring staff to work overtime during the upcoming holiday week to help recover from the disruption.

In regions like Tainan, home to advanced semiconductor factories, the impact of the earthquake appeared milder initially but companies like Tokyo Electron and Ebara reported minor damage to some facilities. Despite these challenges faced by Taiwanese companies in the aftermath of the earthquake, most expect the effects to be short-term and are working to resume operations as quickly as possible. Overall, Taiwan’s stock market saw a brief dip after the quake but recovered slightly by the end of the day, indicating resilience in

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