Tag: Foreign Exchange Market

The earthquake in Taiwan, the strongest in at least 25 years, has also put pressure on the global supply chain. The island accounts for about 90% of chipmaker TSMC's production, and while most of its factories are located across the river from the epicenter, they are filled with fragile equipment that is critical to producing chips for global companies. TSMC said it had evacuated some of its manufacturing plants and that its security systems were functioning normally, while it confirmed the details of the impact.