Taiwan Semiconductor Manufacturing (TSMC) shares are down 1.25% today, currently trading at $299.04. This decline follows facility disruptions from a magnitude 7.0 earthquake, causing automatic equipment shutdowns and potential wafer scrapping with estimated losses of NT$100 million.
Adding to investor concerns, China initiated large-scale military exercises around Taiwan. These negative factors appear to be outweighing reports that TSMC will raise advanced chip prices starting January 1, which had pushed the stock to a record high in the Taiwan market.