Future Tech

TSMC estimates losses of $92.4 million due to Taiwan earthquake

Tan KW
Publish date: Fri, 19 Apr 2024, 07:39 AM
Tan KW
0 429,582
Future Tech

BEIJING - Taiwan chipmaker TSMC said the biggest earthquake in at least 25 years that struck the island on April 3 caused estimated losses of T$3 billion ($92.44 million) to the company in the second quarter.

The quake is also expected to bring a 50-basis point drop to TSMC's second quarter gross margin, it said in a filing to the Taiwan Stock Exchange.

There were no power outages or structural damage to TSMC's fabs, and critical equipment including EUV machines were not affected, it added.

 


  - Reuters

 

Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment