Taiwan Semiconductor Manufacturing Company Limited (TSM)

TW — Technology Sector
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News

TSMC shares down 1.8% after earthquake leaves its mark on earnings
TSM
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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image for news TSMC shares down 1.8% after earthquake leaves its mark on earnings
TSMC sees Q1 revenue near lower end of guidance on January earthquake impact
TSM
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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image for news TSMC sees Q1 revenue near lower end of guidance on January earthquake impact

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

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others. The company also offers customer and engineering support services; manufactures masks; and invests in technology start-up companies; researches, designs, develops, manufactures, packages, tests, and sells color filters; and provides investment services. Its products are used in high performance computing, smartphones, Internet of things, automotive, and digital consumer electronics. The company was incorporated in 1987 and is headquartered in Hsinchu City, Taiwan.