Page 3 - United Microelectronics News Today

Zweig DiMenna Associates LLC lowered its stake in United Microelectronics Co. (NYSE:UMC – Free Report) by 93.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,000 shares of the semiconductor company’s stock after selling 631,771 shares during the period. Zweig […]

The technology sector experienced significant growth in 2023 after a disastrous preceding year.

Taiwan Semiconductor Manufacturing Co, the leading producer of advanced chips for Apple Inc and Nvidia Corp, said it would resume production less than 24 hours after evacuating staff and halting operations. The company said there has been no damage to its most critical chip-making equipment.

TSMC and other chipmakers are now pausing operations to investigate the Taiwan 7.4 magnitude earthquake's effects.

The technological expertise that turned Taiwan into a semiconductor powerhouse appears to have kept damage and casualties relatively low from its worst quake in a quarter of a century, according to an academic who worked on the island’s disaster response.

TSMC and Nvidia are resuming production less than 24 hours after evacuating staff and halting operations.

Taiwan’s semiconductor industry restarted operations and emergency personnel worked to help injured and trapped citizens as the island begins to recover from its worst earthquake in 25 years, reports Bloomberg. Apple supplier TSMC expects its most advanced factory to reach full recovery later on

The quake measured 7.4 in magnitude and struck the east coast of Taiwan early Wednesday, killing at least seven people and injuring more than 800.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

A major earthquake in Taiwan prompted Taiwan Semiconductor Manufacturing Co. (TSMC) and United Microelectronics Corp. (UMC) to suspend chipmaking operations and evacuate plants. The incident raised concerns about disruptions to the global tech supply chain, highlighting the vulnerability of the industry to natural disasters and the need for diversification efforts.