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Search resuls for: "Tainan"


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☆ Chipmaker UMC cuts capex in readiness for prolonged downturn
  + stars: | 2022-10-26 | by ( Sarah Wu | ) www.reuters.com   time to read: +3 min
The company has revised 2022 capital expenditure down to $3 billion, compared with a previous plan for $3.6 billion, said finance chief Chitung Liu. However, expansion in Singapore and Tainan in southern Taiwan are progressing as planned to meet long-term supply commitments, Wang said. However, UMC will continue to monitor developments and "take risk-management measures as necessary", he added. Shares in UMC closed 3.4% down on Wednesday and have fallen about 41% this year. ($1 = 32.1210 Taiwan dollars)Reporting by Sarah Wu Additional reporting by Ben Blanchard Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.
☆ Strong earthquake hits southeastern Taiwan, 146 injured
  + stars: | 2022-09-18 | by ( Ben Blanchard Yimou Lee | Ben Blanchard | Yimou Lee | ) www.reuters.com   time to read: +3 min
Firefighters work at the site where a building collapsed following a 6.8-magnitude earthquake, in Yuli, Hualien county, Taiwan September 18, 2022. Register now for FREE unlimited access to Reuters.com RegisterTaiwan's fire department said one person had died and 146 were injured by the quake. The U.S. Pacific Tsunami Warning Center issued a warning for Taiwan after the tremor but later lifted the alert. Taiwan Semiconductor Manufacturing Co (TSMC) (2330.TW), , the world's largest contract chipmaker, said there was "no known significant impact for now". More than 100 people were killed in a quake in southern Taiwan in 2016, while a 7.3 magnitude quake killed more than 2,000 people in 1999.
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