TSMC Estimates $92 mn Loss After Taiwan Earthquake

Taiwan Semiconductor Manufacturing Company (TSMC) has disclosed significant financial implications following the recent earthquake that rocked the island on April 3, marking the most substantial seismic event in over 25 years. TSMC anticipates losses amounting to T$3 billion ($92.44 million) in the second quarter as a result of the disaster, Reuters news report said.
TSMC for iPhonesTSMC, in a filing submitted to the Taiwan Stock Exchange, has projected a 50-basis point decline in its second-quarter gross margin due to the earthquake’s impact. Despite the financial setback, TSMC reassured investors that its fabs, including critical equipment like EUV machines, remained operational without any power outages or structural damage.

Notably, TSMC’s Southern Taiwan Science Park hosts the manufacturing of NVIDIA chips utilizing the advanced 4nm process. The company’s facilities, spanning six-inch and eight-inch fabs such as Fab 2, Fab 3, Fab 5, Fab 8, its R&D headquarters Fab 12, and the latest addition, Fab 20 in Baoshan, Hsinchu, were situated within a Level 4 intensity zone affected by the earthquake.