TSMC, UMC Evacuate Chipmaking Lines After Major Taiwan Quake

-- Taiwan Semiconductor Manufacturing Co. and its closest rival evacuated factory areas after the biggest earthquake to hit its home island in 25 years, casting uncertainty over production at the world’s largest maker of advanced chips.Trump Got His $175 Million Bond From a Billionaire Fan’s CompanyTSMC, the main contract chipmaker to Apple Inc. and Nvidia Corp., moved staff out of certain areas and said it’s assessing the impact of a temblor measuring 7.4 in magnitude off the east coast.

“TSMC’s safety systems are operating normally. To ensure the safety of personnel, some fabs were evacuated according to company procedure,” the company said in a statement. “We are currently confirming the details of the impact.”Taiwan is prone to quakes because it’s near the convergence of two tectonic plates. Yet it’s also the source of an estimated 80% to 90% of the highest-end chips required for advanced applications such as smartphones and AI.

Industry executives and government officials have long called out the dangers of centering the world’s advanced semiconductor production on an island that, apart from natural shocks, is considered a potential military flashpoint. That became particularly evident during the Covid era, which exacerbated a global shortage of the vital components.

But TSMC expansion projects now underway in Japan and US will take time to get up to full speed and American companies such as Micron Technology Inc. still maintain major operations on the island.Elon Musk Has a Porn Problem -- Walt Disney Co. and Chief Executive Officer Bob Iger are poised to triumph over Nelson Peltz’s Trian Fund Management in a costly, months-long proxy battle, according to people with knowledge of the matter.

Trump’s social media platform says it’s above ‘traditional key performance indicators.’ An auditor has substantial doubt it can continue as a going concern -Shares of Donald Trump's social media company plunged 21% on Monday, wiping out the gains from its debut last week, after disclosing millions in losses and saying it would struggle to meet its financial liabilities going forward.

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