A magnitude 7.2 earthquake struck the Taiwan region today.
According to research from Guotai's Securities Research Department, TSMC's ($Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR TSM$) facilities, designed to withstand up to a magnitude 7 quake, reported some damaged quartz tubes and wafers. Production was halted for equipment checks, aiming to prevent misalignment.
The estimated impact on TSMC is less than six hours of work, with an expected financial hit of about US$60 million for Q2, and a profit margin effect of less than 0.5%.
Micron ($Micron Technology, Inc. MU$) reportedly said it was evaluating operations in the region after the earthquake.
Read more:
- Micron Technology Assessing Impact of April 3 Earthquake
- April 3 Earthquake Could Impact GPU Prices: Analysts
As of 12:15 GMT+8, TSMC's stocks listed on the Taiwan Stock Exchange are trading lower by 0.89%, compared to a 0.17% after-hours dip in the US market.
Disclaimer:
The content is provided as general information only and should not be taken as investment advice. All the contents shall not be taken as a recommendation to buy or sell any security or financial instruments. Any action you take resulting from information, analysis, or commentary on this article is your responsibility. Please consult your investment advisor before making any investments.
Stay informed with updates through our Telegram and WhatsApp channels
Scan QR to join
Telegram
