Benzinga - by Neil Dennis, Benzinga Staff Writer.
When so much critical infrastructure is based in one place, the dangers of disruption to supply chains can run high. The market reaction to Taiwan’s powerful earthquake on Wednesday showed how companies in the semiconductor supply chain have been ready for this moment for years.
The 7.4 magnitude earthquake struck at around 8 a.m. local time, with the epicenter nearly 100 miles away from the capital, Taipei. Around a dozen people were reported to have been killed in the quake.
Most of the casualties were in Hualien, the closest city to the epicenter, with reports of many trapped and injured and widespread damage.
Hualien City, Taiwan earthquake9 killed and 934 injured after 7.4-magnitude earthquake
killing nine people and injuring at least 934, according to Taiwan's fire department.
India stand with Taiwan