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6-K: Statement on the Impact of April 3rd Earthquake

SEC announcement ·  Apr 18 07:31
Summary by Moomoo AI
Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) reported on the impact of the April 3rd earthquake in Taiwan, which was the largest in the region over the past 25 years with a magnitude of 7.2. The earthquake's impact was felt across various science parks, with magnitudes reaching 5 in Hsinchu, Longtan, and Zhunan, and 4 in Taichung and Tainan. TSMC's disaster preparedness measures enabled a swift recovery, with tool recovery exceeding 70% within 10 hours post-earthquake, and full recovery achieved by the end of the third day. The company confirmed no power outages or structural damage to its facilities, and no critical tools, including EUV lithography tools, were damaged. However, some wafers in process were affected and scrapped, leading to an expected reduction in the...Show More
Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) reported on the impact of the April 3rd earthquake in Taiwan, which was the largest in the region over the past 25 years with a magnitude of 7.2. The earthquake's impact was felt across various science parks, with magnitudes reaching 5 in Hsinchu, Longtan, and Zhunan, and 4 in Taichung and Tainan. TSMC's disaster preparedness measures enabled a swift recovery, with tool recovery exceeding 70% within 10 hours post-earthquake, and full recovery achieved by the end of the third day. The company confirmed no power outages or structural damage to its facilities, and no critical tools, including EUV lithography tools, were damaged. However, some wafers in process were affected and scrapped, leading to an expected reduction in the second quarter gross margin by approximately 50 basis points. TSMC anticipates most of the lost production to be recovered in the second quarter, with minimal impact on revenue. The company maintains its full-year revenue growth guidance in the low-to-mid-twenties percentage range. TSMC estimates earthquake-related losses at approximately NT$3 billion, net of insurance, to be recognized in the second quarter of 2024.

This announcement is a separate document:

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