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Taiwan shaken by strongest earthquake since 1999, technology sector hit

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A powerful undersea earthquake off Taiwan on Wednesday morning killed at least seven people, rattled the island’s vital high-tech industries and briefly triggered tsunami warnings in the Philippines and Japan’s Okinawa region.

The 7.2-magnitude quake off Hualien was the largest to hit the island since September 1999, Taiwan’s Central Meteorological Administration said. The full extent of casualties and damage was not immediately clear, but Taiwan’s interior ministry reported seven dead and hundreds injured by mid-afternoon. Photographs showed heavily toppled buildings and broken railway tracks in Hualien, where the local government suspended work and schools for a day. Roads leading into the city were also cracked.

Taiwan’s technology companies rushed to assess the impact. Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest chipmaker, evacuated some of its factories as a precaution.

In a statement, the company said: “Preventive measures have been taken according to procedure and some factories have been evacuated. All personnel are safe and evacuees have begun to return to work. The company is currently confirming the details of the impact”.

TSMC added that it had “decided to suspend work on construction sites [for new facilities] for today, and work will resume after further inspection”.

Liu Chitong, CFO of United Microelectronics, told Nikkei Asia that the world’s third-largest contract chipmaker had also evacuated its production facilities. “Some chip production machines have been stopped, and now our team is working to restart the production machines as soon as possible,” he said.

Display manufacturers Innolux and AUO also evacuated their facilities.

A manager at one of TSMC’s equipment suppliers told Nikkei Asia that his company was discussing whether to send more staff to work overtime to help chipmakers make up for the disruption during the grave-sweeping holiday later this week.

Sources at TSMC said some wafers had cracked and some machines had stopped at factories in Hsinchu. Many people are expected to have to work over the holiday as a result.

The impact in Tainan, home to some of the most advanced chip manufacturing facilities, including TSMC’s 5-nanometre and 3-nanometre factories that produce processors for Apple’s iPhones and Nvidia’s artificial intelligence computing chips, initially appeared to be milder.

On the Taiwan Stock Exchange, the Taiex Weighted Index fell immediately after the opening bell. It fell as much as 0.96 per cent during the day and closed down 0.63 per cent.

In Japan, the Meteorological Agency initially measured the magnitude of the earthquake at 7.5, then raised it to 7.7, while officials said they were investigating the difference with Taiwan’s readings. The quake was said to have struck at a depth of 23 kilometres.

Japanese authorities had initially warned of a tsunami in Okinawa that could reach up to 3 metres. At 9.18am, a tsunami of up to 30cm was recorded on the Japanese island of Yonaguni, near Taiwan. Authorities in the Philippines also issued a tsunami warning for four northern provinces.

Authorities in both countries later cancelled the warnings.

Naha airport, near the coast on the main island of Okinawa, temporarily suspended commercial flights due to the tsunami warning, but resumed operations at around 11:00.

Several Japanese companies operating in Taiwan reported minor damage, including chip manufacturing equipment maker Tokyo Electron and wafer polishing machine supplier Ebara. Tokyo Electron has several facilities in Hsinchu, Linkou, Taichung and Tainan, mostly for maintenance and corporate operations, but said it did not expect any long-term effects.

Meanwhile, a Japan Meteorological Agency official warned of further seismic instability: “Beware of earthquakes of the same magnitude for about a week after the earthquake. In particular, large earthquakes are likely to occur in the next two to three days”. According to the agency, the earthquake was most likely caused by the compression and slip of dip-slip faults.

Japanese Prime Minister Fumio Kishida offered his condolences to the victims in Taiwan. “Japan is ready to provide all necessary assistance to Taiwan, our neighbour across the sea, in its difficult time,” he said. Taiwan hit by strongest earthquake since 1999, technology sector also affected

A powerful undersea earthquake near Taiwan on Wednesday morning killed at least seven people and rattled the island’s vital high-tech industries, briefly triggering tsunami warnings in the Philippines and Japan’s Okinawa region.

The 7.2 magnitude quake off Hualien was the largest to hit the island since September 1999, according to Taiwan’s Central Meteorological Administration. The full extent of casualties and damage was not immediately clear, but Taiwan’s interior ministry reported seven dead and hundreds injured by mid-afternoon. Photographs showed heavily toppled buildings and broken railway tracks in Hualien, where the local government suspended work and schools for a day.Roads leading into the city were also cracked.

Taiwan’s technology companies rushed to assess the impact.Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest chipmaker, evacuated some of its factories as a precaution.In a statement, the company said: “Preventive measures have been taken according to procedure and some factories have been evacuated.All personnel are safe and evacuees have begun to return to work. The company is currently confirming the details of the impact”.

TSMC added that it had “decided to suspend work on construction sites [for new facilities] for today, and work will resume after further inspection”.

Liu Chitong, CFO of United Microelectronics, told Nikkei Asia that the world’s third-largest contract chipmaker had also evacuated its production facilities. “Some chip production machines have been stopped, and now our team is working to restart the production machines as soon as possible,” he said.Display manufacturers Innolux and AUO also evacuated their facilities.

A manager at one of TSMC’s equipment suppliers told Nikkei Asia that his company was discussing whether to send more staff to work overtime to help chipmakers make up for the disruption during the grave-sweeping holiday later this week.Sources at TSMC said some wafers had cracked and some machines had stopped at factories in Hsinchu. Many people are expected to have to work over the holiday as a result.The impact in Tainan, home to some of the most advanced chip manufacturing facilities, including TSMC’s 5-nanometre and 3-nanometre factories that produce processors for Apple’s iPhones and Nvidia’s artificial intelligence computing chips, initially appeared to be milder.

On the Taiwan Stock Exchange, the Taiex Weighted Index fell immediately after the opening bell. It fell as much as 0.96 per cent during the day and closed down 0.63 per cent.In Japan, the Meteorological Agency initially measured the magnitude of the earthquake at 7.5, then raised it to 7.7, while officials said they were investigating the difference with Taiwan’s readings.The quake was said to have struck at a depth of 23 kilometres.Japanese authorities had initially warned of a tsunami in Okinawa that could reach up to 3 metres.At 9.18am, a tsunami of up to 30cm was recorded on the Japanese island of Yonaguni, near Taiwan. Authorities in the Philippines also issued a tsunami warning for four northern provinces.

Authorities in both countries later cancelled the warnings.

Naha airport, near the coast on the main island of Okinawa, temporarily suspended commercial flights due to the tsunami warning, but resumed operations at around 11:00.Several Japanese companies operating in Taiwan reported minor damage, including chip manufacturing equipment maker Tokyo Electron and wafer polishing machine supplier Ebara. Tokyo Electron has several facilities in Hsinchu, Linkou, Taichung and Tainan, mostly for maintenance and corporate operations, but said it did not expect any long-term effects.Meanwhile, a Japan Meteorological Agency official warned of further seismic instability:”Beware of earthquakes of the same magnitude for about a week after the earthquake. In particular, large earthquakes are likely to occur in the next two to three days”.According to the agency, the earthquake was most likely caused by the compression and slip of dip-slip faults.

Japanese Prime Minister Fumio Kishida offered his condolences to the victims in Taiwan.”Japan is ready to provide all necessary assistance to Taiwan, our neighbour across the sea, in its difficult time,” he said.

ASIA

Syria will not follow Afghanistan’s Taliban model of governance

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In an astonishing statement, Ahmed Shará, also known as Abu Mohamad Jolani, the leader of the Hayat Tahrir al-Sham (HTS) said that he will allow the girls to go to schools and will not turn Syria like Afghanistan under the rule of the Taliban.

Jolani, the de facto ruler of Syria, said that he will distance himself from the Taliban’s strict policies on women’s rights, and said that Syria will not follow the Taliban’s mode of governance.  

Jolani, who brought down the government of Bashar al-Assad and also widely welcomed by the Taliban, said that he believes in the education of women and girls and will not make Syria like Afghanistan.

“Syria is a diverse society with various ideas, unlike Afghanistan, which is more tribal. The Afghan model cannot be applied here,” Jolani told a BBC reporter.

Jolani says that Syria is a diverse society with various ideas, unlike Afghanistan, which is more tribal.

Jolani’s comment came when the Taliban congratulated the HTS-led victory by Jolani over Assad’s regime after years of fighting. The Afghan Foreign Ministry celebrated Jolani’s victory through a statement and hoped Jolani can bring peace and stability in the country.

“It is hoped that the power transition process is advanced in a manner that lays the foundation of a sovereign and serve-oriented Islamic government in the line with the aspiration of the Syrian people; that unifies the entire population without discrimination and retribution through adoption of a general assembly; and a positive foreign policy with world countries the safeguard Syria from a threat of negative rivalries of foreign actors and creates conditions for the return of millions of refugees,” the statement by Taliban Foreign Ministry.

However, Jolan’s position on the rights of women and girls is in great contrast with the current view of the Taliban leadership. Women and girls have been banned from education and work since the return of the Taliban in August 2021, following the collapse of the Republic System and withdrawal of the US troops from Afghanistan. Girls and women are even banned from medical institutions and visiting public spaces.

Jolani says he has a plan to create a government based institution and a council chosen by the people. 

The situation got worse when the Taliban’s Ministry for the Promotion of Virtue and Prevention of Vice called women’s voices “immodest” compounding their exclusion from public life. This year, it has been marked as three years since girls were banned from pursuing education over sixth grade. Besides that, on December 20, 2022, the Taliban’s Ministry of Higher Education announced that women would be barred from attending public and private universities.    

In an interview with CNN, Jolani said that he has a plan to create a government based on institutions and a “council chosen by the people.”

“When we talk about objectives, the goal of the revolution remains the overthrow of this regime. It is our right to use all available means to achieve that goal,” said Jolani.

“The seeds of the regime’s defeat have always been within it… the Iranians attempted to revive the regime, buying it time, and later the Russians also tried to prop it up. But the truth remains: this regime is dead.”

Moreover, he also said the Syrian people are the “rightful owners” of the country after the ouster of Assad, and declared a “new history” has been written for the entire Middle East.

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Yoon summoned again for questioning on treason charges

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A joint law enforcement team investigating South Korea’s martial law case announced on Friday that it has issued a second summons to ousted President Yoon Suk Yeol, requesting his presence for questioning next week. The inquiry concerns his alleged involvement in the failed implementation of martial law.

The team has scheduled the questioning for 10:00 a.m. next Wednesday at the Corruption Investigation Office for Senior Officials (CIO) headquarters in Gwacheon, located just south of Seoul. This marks the second summons after Yoon refused to cooperate with the initial notice earlier this week.

The decision to hold the questioning on a public holiday appears to be a strategic move by the CIO, likely aimed at addressing security concerns. The office confirmed that the summonses were delivered via express mail and electronically to both Yoon’s residence and the presidential office in Yongsan. Notably, after Yoon’s team refused to accept the first subpoena, the CIO opted against delivering the documents in person for this round.

The investigation focuses on Yoon’s role in the December 3 martial law declaration, which he revoked following a vote in the National Assembly. If Yoon continues to disregard the summons without valid justification, the CIO may seek a court order to detain him for up to 48 hours.

Yoon faces allegations of sedition and abuse of office, charges that have gained traction since his dismissal by parliament last Saturday. His suspension from office remains in effect pending a decision by the Constitutional Court, which will determine whether he is permanently removed or reinstated.

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ASIA

Xi Jinping champions economic diversification during Macau visit

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During a three-day visit to Macau commemorating the 25th anniversary of its return to Chinese sovereignty from Portugal, President Xi Jinping emphasized the importance of economic diversification and maintaining the “one country, two systems” framework.

Speaking at the swearing-in ceremony for Macau’s new Chief Executive Officer, Sam Hou-fai, Xi urged the administration to make economic diversification the city’s primary focus. Sam, the fourth leader since the 1999 handover and the first mainland-born Chinese official to hold the position, is expected to align closely with Beijing’s objectives to reduce Macau’s reliance on gambling. The gambling industry, which accounts for approximately 80% of Macau’s tax revenue, has been the cornerstone of its rapid economic growth in recent years.

“Macau should prioritize proper economic diversification,” Xi stated, calling for enhanced policy support and investment in emerging sectors. He also reiterated the significance of the “one country, two systems” principle, stressing its role in ensuring the city’s “prosperity and stability” for the long term.

Xi’s visit included stops at the Macau University of Science and Technology, where he explored laboratories focusing on traditional Chinese medicine and planetary science. He also attended a cultural performance at the Macau Dome and met with local stakeholders, according to Chinese state media. His trip marked a shift in tone, with Anthony Lawrence, founder of Intelligence Macau, noting that it was the first time Xi publicly praised Macau for its progress rather than delivering critiques or instructions.

Since the liberalization of Macau’s gaming monopoly in 2002, the city has attracted significant foreign investment, including from prominent US casino operators such as Las Vegas Sands, MGM, and Wynn Resorts. However, the economy struggled during the COVID-19 pandemic due to travel restrictions, and recovery has only recently begun.

On Friday, Macau’s casinos were bustling with visitors, while non-gaming initiatives like a stamp exhibition co-organized by MGM China and Beijing’s Palace Museum showcased the city’s efforts to diversify its offerings.

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