Helena Lyng Blak
7 weeks ago

Taiwan Hit by Most Major Earthquake in 25 Years - TSMC Evacuates

World's largest chipmaker TSMC evacuates.
A group of people holding small flags of the Taiwan in their hands.
BUTENKOV ALEKSEI / Shutterstock.com

Early in the morning, local time, the strongest earthquake in 25 years hit Taiwan.

According to Bloomberg the quake's epicenter had a magnitude of 7.4.

Four are confirmed dead with hundreds injured.

The earthquake has led to a tsunami warning for Japan and the Philippines.

The world's largest chipmaker, Taiwan Semiconductor Manufacturing Co. (TSMC) has evacuated their staff and halted some machinery, before starting to return a couple of hours later, writes CNBC.

TSMC stocks has dipped 1.27% following the earthquake and the TSEC Weighted Index fell as much as 0.9%.

According to the Taiwan Stock Exchange Corporation, the magnitude of the earthquake in Taipei, the capital of Taiwan, was 5.

This is a developing story.

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