Apple Supplier TSMC Says Production Not 'Majorly' Impacted By Taiwan Earthquakes - Taiwan Semiconductor (NYSE:TSM)

Apple Inc‘s AAPL long-time chip partner, Taiwan Semiconductor Manufacturing Co. TSM, said the recent earthquakes in Taiwan did not significantly impact its business.

The 5.6 magnitude earthquake on Monday came as the third quake in the past three days that has struck Taiwan, leading to the death of one and injuring 146, as per Taiwan’s fire department. The quake was 2 km (1.24 miles) below the earth’s surface, according to the European-Mediterranean Seismological Centre.

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A spokeswoman for the world’s largest contract chip maker TSMC said there didn’t appear to be any significant impact from the quake, Chinese state media Yicai Global reported.

The tremors were felt across the island and led to a collapse of a low-rise building, a bridge in Yuli, and the derailing of several train carriages after a rain canopy at a train station in Hualien collapsed.

The Japanese Meteorological Agency on Sunday issued a tsunami watch for some islands near Taiwan. However, it called it off after an hour and a half.

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