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Taiwan Quake Aftermath

by Steve Gibson, Sep 22, 1999 11:52am PDT
Related Topics – Hardware (PC only)

After the major earthquake in Taiwan a couple of days ago it looks like a large amount of the damage has been asessed and the impact it will have on the technology industry.(How much you're gonna pay for that new gaming CPU or RAM) I dug up this yahoo story which gives a pretty good summary of what we can expect.

Taiwan supplies 12 percent of world semiconductor demand. Overall, estimate the quake will lead to production delays of up to three weeks ``that in turn translates into estimated profit cuts amounting to more than 10 percent.'' Hotung Investment Holdings, the largest high-technology venture capital company in Taiwan, is expected to see some delay in its divestment schedule, ``thus impacting 1999 bottomline.'' But 2000 earnings will be largely unaffected as companies will resume normal production by then.




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