TSMC has reported that a 6.4 magnitude earthquake in January resulted in a significant loss of wafers, jeopardizing the company's revenue for that quarter. While no structural damage was sustained and operations remain stable, the financial impact is estimated at $161.5 million, representing about 0.6 percent of expected revenue. Despite the setback, TSMC remains optimistic about meeting annual revenue projections and plans to mitigate production delays. The company faces additional challenges, including disruptions to submarine cables vital for its operations, attributed to geopolitical tensions with China.
The earthquake caused a loss of wafers in process, which has impacted TSMC's revenue expectations for the quarter, lowering them to $25 billion.
TSMC assured stakeholders that while the quake caused some losses, their operational systems function normally and they will work to regain lost production.
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