Skip to main content

Market Overview

Apple Supplier TSMC Says Production Not 'Majorly' Impacted By Taiwan Earthquakes

Share:
Apple Supplier TSMC Says Production Not 'Majorly' Impacted By Taiwan Earthquakes

Apple Inc's (NASDAQ: AAPL) long-time chip partner, Taiwan Semiconductor Manufacturing Co. (NYSE: TSM), said the recent earthquakes in Taiwan did not significantly impact its business.

The 5.6 magnitude earthquake on Monday came as the third quake in the past three days that has struck Taiwan, leading to the death of one and injuring 146, as per Taiwan's fire department. The quake was 2 km (1.24 miles) below the earth's surface, according to the European-Mediterranean Seismological Centre.

Read Next: Not Just Trump Who's Missing Out: Putin And These Leaders Also Not Welcome At Queen's Funeral

A spokeswoman for the world’s largest contract chip maker TSMC said there didn’t appear to be any significant impact from the quake, Chinese state media Yicai Global reported.

The tremors were felt across the island and led to a collapse of a low-rise building, a bridge in Yuli, and the derailing of several train carriages after a rain canopy at a train station in Hualien collapsed.

The Japanese Meteorological Agency on Sunday issued a tsunami watch for some islands near Taiwan. However, it called it off after an hour and a half.

See Also: Putin Tells Europe To Undo Sanctions For Gas: 'If You Have An Urge, If It's So Hard For You, Just Lift The Sanctions'

 

Related Articles (TSM)

View Comments and Join the Discussion!

Posted-In: Earthquake Eurasia taiwanNews Global Top Stories Tech Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com