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Earthquake hits Taiwan

Earthquake hits Taiwan

Yesterday at 2:52 p.m. local time, the island of Taiwan off the coast of China was struck by a 7.1 magnitude earthquake. 5 people were killed in Taipei, another 276 people were injured and there are several collapsed houses.

The epicenter of the quake was 80 km north-east of the town of Hualin in Taiwan and could still be almost 900 miles away from Hong Kong. This is the strongest earthquake since the devastating earthquake of September 1999, in which 2,378 people lost their lives and 40,000 people were left homeless.

We are reporting on this event because the quake of 1999 also had a strong impact on the IT industry, resulting in a significant shortage of memory chips, for example. However, the large chip manufacturers from Taiwan have already commented on the current quake and announced that they will have to stop their production for an estimated five days. Despite these statements by Nanya and TSMC, among others, about relatively minor damage to the production facilities and the imminent resumption of production, the stock exchange prices of the Taiwanese chip manufacturers fell by one to three percent.

On this Page you can view the official earthquake report with all the data again, unfortunately only in English.

Earthquake in Taiwan
Earthquake in Taiwan

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