Taiwan Earthquake Shocks Tech Industry

  • A powerful earthquake struck Taiwan, the strongest in 25 years, raising fears of disruptions to the global supply chain.
  • Taiwan is a critical hub for semiconductor production, with TSMC, the world's largest contract chipmaker, accounting for 90% of its output.
  • The earthquake forced TSMC to evacuate some factories and raised concerns about damage to delicate chip-making equipment.
  • While the full extent of the damage is still being assessed, potential chip shortages could impact various sectors like automotive, consumer electronics, and telecommunication.
  • This event underscores the vulnerability of globalized supply chains and the dependence on Taiwan's chip production.

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