Taiwan Semiconductor Manufacturing Co. (TSMC) announced on Monday that it has sustained significant operational losses due to a 6.4-magnitude earthquake in January. The quake resulted in losses amounting to approximately 5.3 billion New Taiwan dollars, or $161.5 million. Despite these setbacks, the world’s largest independent semiconductor foundry has kept its full-year growth outlook of roughly 25% unchanged.
The announcement was made by CHENG TING-FANG in Taipei, where TSMC is headquartered. The January earthquake notably impacted the company's first-quarter revenue, dragging it to the lower end of its prior guidance. However, TSMC remains optimistic about its growth prospects for the remainder of the year.
The quake's impact on TSMC's operations highlights the susceptibility of manufacturing facilities to natural disasters, particularly in regions prone to seismic activity. Despite this unexpected challenge, the company's decision to maintain its growth forecast underscores its resilience and confidence in ongoing demand for semiconductors.
TSMC's role as a leading player in the semiconductor industry is critical, given its position as the largest independent foundry globally. The company continues to play a pivotal role in the global supply chain, supplying chips to various sectors, including consumer electronics, automotive, and industrial markets.
Leave a Reply