Taiwanese chip packager, King Yuan Electronics, will stop production for two days from today after several employees contracted COVID-19 amid rising cases in the global chip hub, Reuters reports.
The rising cases have triggered concerns about the worsening of the semiconductor chip crisis that has hampered global industry ranging from auto to electronics.
The halt is estimated to affect 4% - 6% of its June output and up to 6% of its June revenue. King Yuan saw no significant business impact in 2021.
Sixty-seven employees, mainly from the Philippines and working at a King Yuan factory in the Miaoli city, tested positive.
Taiwan reported 472 new domestic COVID-19 cases today, down from the 583 domestic infections reported on Thursday.
Taiwan reported 10,446 cases since the pandemic began, including 187 deaths.
Price action: INTC shares traded higher by 2.17% at $57.46 during the market session on the last check Friday.
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