Japan’s devastating earthquake and tsunami may accelerate the point at which investors potentially lose confidence in the country’s finances, Moody’s Investors Service said on Monday. Get the full story »
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Tech companies in Japan react to tsunami
Technology companies Friday were assessing the impact of the Japanese earthquake on component supplies and on their local plants, staff and sub-contractors, with most saying it was too early to give more details.
The 8.9-magnitude earthquake struck northern Japan, causing deaths and damage to the northeast and panic as far south as Tokyo, with an ensuing tsunami devastating coastal areas.
Japan is a major exporter of electronic goods and chips. The total global semiconductor market alone is worth around $298 billion, with Japan contributing around 24 percent to that total and Taiwan 30 percent, according to data from U.K.-based semiconductor market research firm Future Horizons. Europe, meanwhile, accounts for only 8% of global semiconductor production, meaning the region is largely dependent on Asian imports. Japan exports half of the semiconductors it produces. Get the full story »
