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According to seismologists, this is the most powerful earthquake in Taiwan in 25 years – there are dead, dozens of buildings have collapsed.
At night, an earthquake of magnitude 7.4 occurred off the east coast of Taiwan with an epicenter 18 km from the city of Hualien. The country issued a tsunami warning (now canceled), and Japan and the Philippines began preparing for potential flooding.
Taiwan is prone to earthquakes because it is located near the convergence of two tectonic plates.
According to the US Geological Survey, this is the most powerful earthquake to hit Taiwan in 25 years. Several dozen building collapses have been recorded, almost a hundred thousand households have lost power, there are problems with the Internet and, at the moment, at least 4 dead and more than 50 injured are known, CNN reports.
🚨BREAKING: Multiple buildings have collapsed in Taipei, Taiwan after a Pair of Massive 7.5 Earthquakes Strikes Triggering Tsunami Warnings pic.twitter.com/BmHrHXMoXA
— Suppressed Voice (@SuppressedNws) April 3, 2024
🚨BREAKING: Dashcam captures 7.5 magnitude earthquake on highway in eastern Taiwanpic.twitter.com/EPbCHgc1Xi
— AJ Huber (@Huberton) April 3, 2024
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The earthquake could also have a significant impact on chip production, causing shortages or price hikes for key components, which in turn would lead to higher prices for electronics, particularly laptops and televisions.
Partly destroyed building in the city of Hualien. Photo: TVBS
Taiwan produces 80% to 90% of the high-end chips needed for modern smartphone and AI applications.
The earthquake caused landslides in the mountainous part of Taiwan. Photo: Reuters
According to Bloomberg, the world's largest manufacturer of advanced chips, TSMC, which cooperates with Apple and Nvidia, has begun evacuating factories. Smaller local competitor UMC (United Microelectronics Corp.) also suspended operations.
“TSMC's security systems are working fine. To protect staff, some plants were evacuated,” the company said in a statement. “We are currently clarifying the consequences.”
TSMC's factories are located in the western part of Taiwan, and the earthquake occurred off the east coast, so the evacuation was carried out as a precautionary measure.
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In September 1999, a magnitude 7.6 earthquake struck Taiwan, killing 2,400 people and destroying 5,000 buildings. Then prices for DRAM modules jumped by more than 25%, and shortages lasted for months.
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