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Taiwan earthquake affects TSMC more than previously expected

TSMC affected by Taiwanese earthquake on February 6 more than previously expected
By: Anthony Garreffa | Business, Financial & Legal News | Posted: Feb 16, 2016 4:50 am

The devastating 6.4-magnitude earthquake that struck Taiwan on February 6 is still having on-going affects to both the citizens of the country, and businesses - like Taiwan Semiconductor Manufacturing Company (TSMC).

 

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TSMC said earlier this month that the earthquake would have an effect of less than 1% on their wafer shipments for Q1 2016, adding that 95% of its foundry machines would be restored to normal conditions within 2-3 days. Machines at Fab 6 and Fab 14B have been 100% restored, according to the company.

 

TSMC added that even though the earthquake has affected them, they are confident of reaching target consolidated revenues of $5.9 to $6 billion for Q1 2016. Let's hope that TSMC gets back to 100% operational capacity in the very near future.

NEWS SOURCES:Digitimes.com

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