Taiwan Semiconductor Manufacturing Company Limited (TSM)
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TSMC shares down 1.8% after earthquake leaves its mark on earnings
Published: February 10, 2025 by: Proactive Investors
Sentiment: Negative
Taiwan Semiconductor Manufacturing Co (ADR) (NYSE:TSM) shares dropped 1.8% after the company warned that first-quarter revenue would be at the lower end of its forecast due to a $161 million hit from a January earthquake in Taiwan. The world's largest contract chipmaker, which supplies Apple and Nvidia, said the quake led to wafer losses but did not cause structural damage to its factories.
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TSMC sees Q1 revenue near lower end of guidance on January earthquake impact
Published: February 10, 2025 by: Reuters
Sentiment: Negative
TSMC , the world's biggest contract chipmaker, said on Monday its first-quarter revenue would be closer to the lower end of its guidance, as it expects a $161 million impact from an earthquake that rocked the island in January.
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About Taiwan Semiconductor Manufacturing Company Limited (TSM)
- IPO Date 1997-10-09
- Website https://www.tsmc.com
- Industry Semiconductors
- CEO C. C. Wei
- Employees 65152