Chipmakers TSM and UMC Not Impacted By Tsunami in Taiwan
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A 3-foot-high tsunami was rolling toward the east coast of the Philippines Tuesday after a large earthquake hit off the shores of Taiwan. Officials in Taiwan said the earthquake had a magnitude 6.7. The U.S. Geological Survey said the quake was a 7.1. Reports said a magnitude 6.4 aftershock followed the initial quake.
Dow Jones reported that Taiwan Semiconductor (TSM) resumed operations at its local plants and that chip foundry United Microelectronics (UMC) said its factories weren’t affected.
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