Hot, drought-hit Taiwan struck by power cuts for second time in a week

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TAIPEI (Reuters) – Taiwan launched island-wide power cuts on Monday evening following a spike in demand amid a heatwave and drought and failure at a power plant, the second such outage in the global tech hub in a week. Phased blackouts hit Taiwan, which major chip makers such as TSMC call home, on Thursday following an outage at a plant in the southern city of Kaohsiung, which worried investors amid a global chip shortage. It was not immediately clear whether Monday’s power outage hit TSMC or other semiconductor companies, which have factories across the island. TSMC did not immediately respon…

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