FYI - Per below story, an earthquake hit off the shore of Taiwan a few hours ago. As a precautionary measure, ChipMOS evacuated its Tainan facility and stopped production for approximately 15 to 20 minutes during the earthquake. The company's facility was not damaged and full production was quickly brought back online.

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TheStreet.com, 12/26/2006 9:12 AM EST

Quake Hits Off Taiwan

By TSC Staff

A 3-foot-high tsunami was rolling toward the east coast of the Philippines Tuesday after a large earthquake hit off the shores of Taiwan.

Japan's Meteorological Bureau said there was the "possibility of a destructive local tsunami," according to the Associated Press. The quake comes on the two-year anniversary of a gigantic earthquake off Indonesia that produced a tsunami that ultimately killed more than 200,000 people.

Officials in Taiwan said the earthquake had a magnitude 6.7. The U.S. Geological Survey said the quake was a 7.1. Reports said a magnitude 6.4 aftershock followed the initial quake.

Dow Jones reported that Taiwan Semiconductor (TSM) resumed operations at its local plants and that chip foundry United Microelectronics (UMC) said its factories weren't affected.