The Taiwan Semiconductor Manufacturing Co. (TSMC) evacuated some of its production lines after a magnitude 7.5 earthquake hit Taiwan early Wednesday morning, local time.
The earthquake caused the collapse of some buildings in the island nation and prompted tsunami advisories from Japan and the Philippines.
"To ensure the safety of personnel, some fabs were evacuated according to company procedure," a TSMC spokesperson said in a statement, adding that safety systems were operating normally and that they were confirming the details of the impact.
The company's shares fell by 1.5% in early trading, CNBC reported.
Reuters earlier cited Taiwan's fire department when it said that at least four people have died and more than 50 others were injured.
Both the Japan Meteorological Agency and the Philippine Institute of Volcanology and Seismology issued tsunami advisories in their respective areas that are near Taiwan—particularly the southern Japanese islands, including Okinawa, and the Batanes islands, and the coast of northern Luzon, respectively.
Several Japan Airlines flights were also canceled following the earthquake.
