TSMC estimates losses of US$92.4 million due to Taiwan earthquake
Taiwan chipmaker TSMC said the biggest earthquake in at least 25 years that struck the island on April 3 caused estimated losses of US$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
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Global
Singapore top recipient of Q1 cross-border investments in Apac: Knight Frank
China’s electric cars keep improving, a worry for rivals elsewhere
Deutsche Bank unveils wealth targets after hiring push in Asia
EU, ISSB agree on minimising overlaps in company climate disclosures
US law firm Mayer Brown to split from Hong Kong partnership
Banking giants race to Riyadh as MBS steps up pressure campaign