TSMC Suspended Production Due to the Earthquake in Taiwan

Taiwan was shaken by a huge earthquake yesterday. 7.4 magnitude is 9 people have died so far in the earthquake that was announced and took place in the east of the country. Such a big shake-up, of course, affected many sectors. The technology sector, which is of great importance for the country, was one of them.

The world’s largest chip manufacturer Taiwan Semiconductor Manufacturing Company (TSMC), announced on Wednesday morning that it had temporarily suspended chip production due to earthquake and tsunami warnings. The company’s facilities are located on the west side of the island.

It was reported that the chip production tools were not damaged and production will start again at night of the same day.

According to the statements made by the company, yesterday, employees in some factories was released for a short time. The reason for this was to examine whether there was any damage to the facilities. TSMC reported that the employees returned after the inspections.

According to Bloomberg, “used in chip production”important tools” none from the earthquake unharmed. It was reported that only a small number of vehicles had minor damage. Company, plans to continue production as of tonight he also added. There is no official statement on this matter yet, but we can guess that production has started again.

It is said that even this small disruption can have serious consequences.

TSMC is a company of great importance for both the Taiwan economy and the technology world. That’s why the news yesterday was a bit worrying. Analysts say even this small halt in production could delay deliveries and cause millions of dollars in losses. He stated that it could lead to

The Taiwanese technology giant produces chips for many products, from phones to dishwashers. Apple, NVIDIA, Huawei, Tesla, OpenAI and many more major companies are affiliated with TSMC. In other words, a problem experienced by the company has the potential to turn the entire technology industry upside down. We’ll have to wait to see what consequences this minor disruption will have.