TECH - What's Going On With Key Nvidia Supplier Taiwan Semi Stock Wednesday? | Benzinga
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) stock is trading lower Wednesday amid reports of the leading contract chipmaker operations succumbing to the Taiwan earthquake Wednesday.
Taiwan was hit by a powerful 7.2 magnitude earthquake on Wednesday, the most significant seismic event in the last 25 years.
In response, TSMC promptly evacuated its factories, threatening production capabilities at the globe’s foremost advanced chip maker.
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The earthquake struck at 8 a.m. local time, with its epicenter in Hualien, a mountainous and lightly populated county in eastern Taiwan.
The Taiwan fire department ...