When so much critical infrastructure is based in one place, the dangers of disruption to supply chains can run high. The market reaction to Taiwan’s powerful earthquake on Wednesday showed how companies in the semiconductor supply chain have been ready for this moment for years.
The 7.4 magnitude earthquake struck at around 8 a.m. local time, with the epicenter nearly 100 miles away from the capital, Taipei. Around a dozen people were reported to have been killed in the quake.
Most of the casualties were in Hualien, the closest city to the epicenter, with reports of many trapped and injured and widespread damage.
Chip Producers Unfazed
The market reaction was muted, with the main Taiwan Weighted index finishing just 0.6% lower.
The impact could have been much worse, however, …
Full story available on Benzinga.com
When so much critical infrastructure is based in one place, the dangers of disruption to supply chains can run high. The market reaction to Taiwan’s powerful earthquake on Wednesday showed how companies in the semiconductor supply chain have been ready for this moment for years.
The 7.4 magnitude earthquake struck at around 8 a.m. local time, with the epicenter nearly 100 miles away from the capital, Taipei. Around a dozen people were reported to have been killed in the quake.
Most of the casualties were in Hualien, the closest city to the epicenter, with reports of many trapped and injured and widespread damage.
Chip Producers Unfazed
The market reaction was muted, with the main Taiwan Weighted index finishing just 0.6% lower.
The impact could have been much worse, however, …
Full story available on Benzinga.com
When so much critical infrastructure is based in one place, the dangers of disruption to supply chains can run high. The market reaction to Taiwan’s powerful earthquake on Wednesday showed how companies in the semiconductor supply chain have been ready for this moment for years.
The 7.4 magnitude earthquake struck at around 8 a.m. local time, with the epicenter nearly 100 miles away from the capital, Taipei. Around a dozen people were reported to have been killed in the quake.
Most of the casualties were in Hualien, the closest city to the epicenter, with reports of many trapped and injured and widespread damage.
Hualien City, Taiwan earthquake9 killed and 934 injured after 7.4-magnitude earthquakekilling nine people and injuring at least 934, according to Taiwan’s fire department.India stand with Taiwan🇹🇼🇮🇳#Taiwan #Tsunami pic.twitter.com/gnZZmp4HGU
— Sumit (@SumitHansd) April 3, 2024
Chip Producers Unfazed
The market reaction was muted, with the main Taiwan Weighted index finishing just 0.6% lower.
The impact could have been much worse, however, …Full story available on Benzinga.com Read MoreAAPL, Asia, Equities, Expert Ideas, Large Cap, MU, natural disasters, News, NVDA, Sector ETFs, semiconductors, SMH, Stories That Matter, Supply Chain, taiwan, TSM, Global, Top Stories, Economics, Markets, Tech, ETFs, SMH, US8166362033, AAPL, US0378331005, NVDA, US67066G1040, MU, US5951121038, TSM, US8740391003, Sector ETFs, News, Equities, Asia, Large Cap, Global, Top Stories, Economics, Markets, Tech, ETFs, Benzinga Asia
