Taiwan's Semiconductor Industry Weathers Major Earthquake
Despite the 7.4-magnitude quake, Taiwan's crucial chipmaking sector remains resilient, underscoring the importance of disaster preparedness.
- A 7.4-magnitude earthquake struck Taiwan's eastern coast on April 3, causing nine deaths and numerous injuries but leaving the vital semiconductor industry largely intact.
- Taiwan's preparation for earthquakes, including strengthened building codes and drilling, played a key role in mitigating the disaster's impact.
- TSMC, the world's biggest chipmaker, reported some machinery damage but resumed normal production within hours, highlighting the industry's resilience.
- The earthquake underscores the risks of concentrating crucial tech manufacturing in regions prone to natural and geopolitical threats.
- Efforts to diversify chip production globally are underway, but experts warn the process may not be happening fast enough.