The Business Times
business-time-50
Global Enterprise logo
BROUGHT TO YOU BYUOB logo

TSMC estimates losses of US$92.4 million due to Taiwan earthquake

google-preferred-sourceAdd BT as a preferred source
Published Thu, Apr 18, 2024 · 11:30 PM
    • 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.
    • 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. PHOTO: REUTERS

    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

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    TSMCEarthquakesSpotlight

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    Eugene Lai (left) says that he was sharing a view with Tan Chian Khong that the board needed a refresh and that it was not an explicit direction to resign.

    CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh

    Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

    ‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

    In the last round of bidding, the premium for Category B was S$980 more than that for Category A.

    Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down

    Some industry watchers wonder if Orchard Road can hold its own next to competing retail destinations, both global and local.

    What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More