TMSC evacuates factory areas after Taiwan earthquake, shares fall- Bloomberg Taiwan Semiconductor Manufacturing Corp (TW:2330) (NYSE:TSM) (TSMC) evacuated some factory areas on Wednesday after an devastating earthquake hit Taiwan, potentially heralding production delays at the firm, Bloomberg reported. 

The world’s largest contract chipmaker had moved staff out of some areas, Bloomberg reported citing a TSMC spokesperson. The report comes shortly after Taiwan was hit with a 7.5 magnitude earthquake in the early hours of Wednesday, sparking tsunami warnings in the region and parts of Japan. 

Taiwan earthquake worst quake since 1999

It was not immediately clear what the full impact of the earthquake was on Taiwan, as well as TSMC’s infrastructure. A TSMC spokesperson could also not be immediately reached for a comment.

The epicenter of the earthquake was offshore from Hualien County, and had caused changes in water levels off the coast. The earthquake was also the worst to hit the island since 1999, Taiwanese news outlets reported. 

Taiwan suspended metro operations in major cities including Taipei in the direct aftermath of the earthquake. The quake was also seen knocking out power to over 300,000 homes and causing property damage across the island.

Any disruptions to TSMC’s production could present headwinds for the major technology firms that rank among its customers, including iPhone maker Apple Inc (NASDAQ:AAPL) and artificial intelligence giant NVIDIA Corporation (NASDAQ:NVDA).

Shares of the contract chipmaker fell 1.3% in Taiwan trade.


Begin trading today! Create an account by completing our form

Privacy Notice

At One Financial Markets we are committed to safeguarding your privacy.

Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.

Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.

Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.

By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Back to top

Office network

One Financial Markets is the trading name of Axi Financial Services (UK) Ltd, a company registered in England with company number 6050593. Axi Financial Services (UK) Ltd is authorised and regulated by the Financial Conduct Authority in the UK (under firm reference number 466201) and the Financial Sector Conduct Authority in South Africa (with FSP number 45784).

The information on this site is not directed at residents of the United States, Belgium, Poland or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. is owned and operated by Axi Financial Services (UK) Ltd.

Award winning broker
We have been presented with a number of awards that recognise the quality of our service and dedication to our clients :

Best FSA Regulated Broker
Saudi Money Expo

Best Education Product
Saudi Money Expo

Best Broker - Online Trading
IAIR Awards

Best Institutional Broker
Saudi Money Expo

Best FX Services Broker
CN Forex

Top International
FX Broker 2015

Saudi Money Expo

Broker of the Year
Online Trading – Middle East

IAIR Awards

Best Forex
Customer Service 2018

JFEX Awards

We accept the following payment methods: