Taiwan Begins Recovery From Quake as TSMC Resumes Production

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Taiwan's semiconductor industry resumes production after a 7.4 magnitude earthquake. Taiwan Semiconductor Manufacturing Co. (TSMC) and United Microelectronics Corp. (UMC) restart operations with no major impact. TSMC brings 70-80% of machinery back online within 10 hours. The earthquake caused nine deaths, over 1,000 injuries, and trapped over 100 people. Taiwan plays a significant role in the global economy as it produces 80-90% of the highest-end chips. The impact on TSMC's operations is expected to be manageable. Taiwan has revised building codes and regulations since a 1999 earthquake that killed over 2,400 people. The island's tech firms are still assessing the damage, but the harm appears limited. Taiwan's vulnerability to seismic activity has prompted the development of a sophisticated disaster response system.

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https://finance.yahoo.com/news/taiwan-begins-recovery-quake-tsmc-013728850.html