Taiwan quake may push up 2Q memory chip prices

TAIPEI: The powerful earthquake that hit semiconductor powerhouse Taiwan last week may push up chip prices temporarily, according to market watchers.

On April 3, an earthquake with a magnitude of 7.4 struck off the east coast of the island, home to 18% of global chip manufacturing capacity and where approximately 92% of the world’s advanced semiconductors are produced, putting the tech industry on edge.