America News Agency

Taiwan plays a central role in the global economy due to its status as a computer chip manufacturing hub, as well as its companies in the broader technology supply chain.

While the epicenter of the earthquake was on the east coast of the island, most of the technology production is located in the west. However, the earthquake affected production in chip factories that rely on very precise machines.

The share price of Taiwan Semiconductor Manufacturing Co, which produces the world's most advanced chips for others, fell 1.3% on Wednesday. The company said in a statement that it was still trying to resolve the impact of the earthquake on its operations.

In the statement, ''TSMC's security systems are working normally. As per procedure, preventive measures were initiated and some factories were evacuated. "All personnel are safe and those evacuated have started to return to their workplaces," it said.

In the first inspections after the earthquake, it was stated that the factories were normal.

However, the company decided to suspend work in the factories for today and the work will continue after further inspections.

Shares of Apple's major supplier Foxconn fell 1.4%, while shares of TV panel maker Au Optronics fell 1.9%.