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

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