Taiwan Chip Packaging Hub Halts Production After COVID-19 Outbreak

King Yuan Electronics, a top 10 outsourced semiconductor assembly and test (OSAT) contractor in the world, announced Friday that it is halting production for two days after several employees were tested positive for COVID-19. A two-day shutdown shouldn’t devastate the market, but amid an ongoing chip shortage — largely stemming from chip packaging — the news is still daunting. 

King Yuan halted all production at its two factories in Taiwan starting as of 5:20 p.m. Taipei time for 48 hours for for a full cleaning and disinfection. The action will decrease the company’s output and revenue by 4-6% in June, the company said in a statement with Taiwan Stock Exchange. 

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