joeysyu @joeysyu: "🙏[Pray for Taiwan]🙏 Taiwan, this small..."

Taiwan

🙏[Pray for Taiwan]🙏 Taiwan, this small island located in Asia, is also my hometown. This morning, several significant earthquakes occurred, impacting numerous semiconductor companies and their supply chains on the island (such as $TSM (Taiwan Semiconductor Manufacturing Co Ltd - ADR) $UMC (United Microelectronics Corporation-ADR) $ASX (ASE Technology Holding -ADR), etc). Due to the severity of the earthquakes, factory operations may be disrupted, leading many companies to suspend maintenance work, potentially affecting the global semiconductor market. The suspension of operations may also have implications for stock prices. TSMC has stated that its safety systems are functioning normally. To ensure the safety of personnel, relevant preventive measures have been activated according to internal procedures. Partial evacuations have been conducted in some factory areas, and currently, all personnel are safe and gradually returning to their workstations. Detailed conditions are still being confirmed. As for the construction sites of TSMC, preliminary inspections indicate normal conditions. Due to safety considerations, all construction sites across Taiwan will be suspended today until further inspections are carried out. TSMC manufactures around 70% of the world's most advanced chips, playing a crucial role in the global supply chain. During the 921 earthquake in the past, damage to its factories and production interruptions caused significant disruptions in the global information technology supply chain. US Commerce Secretary Raymond has previously discussed the global semiconductor shortage issue, mentioning the excessive reliance of the United States on Taiwan for chip supply. Any natural disasters in Taiwan, such as typhoons or droughts, have made her unable to sleep due to concerns about the semiconductor supply. $ITWN.L #Taiwan #PrayForTaiwan #tsmc #Semiconductor #Earthquake #20240403 edition.cnn.com/2024/04/02/asia/taiwan-earthquake-tsunami-warning-intl-hnk/index.html

Pray for Taiwan

100.00%

Peace for the world

100.00%

3 Mentioned

TSM

Taiwan Semiconductor Manufacturing Co Ltd - ADR

UMC

United Microelectronics Corporation-ADR

ASX

ASE Technology Holding -ADR