Chipmakers TSMC, ASE, UMC Update Amidst Taiwan's Power Outage

  • Taiwan Semiconductor Manufacturing Co Ltd's TSM multiple plants in Taiwan experienced short "power dips" after large parts of the island were hit by power cuts, Reuters reports.
  • The leading contract chipmaker was checking for "any actual impact."
  • Bloomberg reports that a failure at the Hsinta coal-fired power plant in Kaohsiung led to a power outage in southern Taiwan on March 3 morning.
  • The outage triggered blackouts in central and northern Taiwan, including the capital Taipei. The power supply to northern Taiwan resumed by about noon.
  • The outage impacted parts of the chip-making hub of Hsinchu. The Hsinchu Science Park power supply remained normal.
  • ASE Technology Holding Co Ltd ASX acknowledged the limited impact from the outage and that power supplies were gradually resuming. 
  • United Microelectronics Corp UMC said its facilities in southern Taiwan were also coming back online.
  • Price Action: TSM shares traded lower by 0.37% at $109.20 premarket on the last check Thursday.

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