Taiwan Semiconductor Manufacturing Co. (TSMC) evacuated its Kumamoto Prefecture plant following a 7.1 magnitude earthquake on Tuesday afternoon.
The subsidiary, Japan Advanced Semiconductor Manufacturing Inc. (JASM), triggered emergency protocols to ensure worker safety. All personnel at the facility are currently accounted for.
TSMC shares fell 2.75% to $388.10 during trading hours as investors assessed potential production disruptions. The stock previously recorded a pre-market decline exceeding 4%.