Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s leading contract chipmaker, revised its first-quarter revenue outlook on Monday, indicating that it would be closer to the lower end of its guidance. This revision comes after the company reported an estimated $161 million loss from the earthquake that struck southern Taiwan in late January.
TSMC, which supplies major companies such as Apple and Nvidia, calculated the losses from the earthquake at approximately NT$5.3 billion ($161 million), accounting for insurance claims. Despite the financial setback, the company clarified that there was no structural damage to its production facilities, and operations have resumed as usual.
The earthquake resulted in the destruction of some semiconductor wafers, affecting production. However, TSMC is actively working to recover the lost output and confirmed that its full-year outlook remains unchanged. The revised first-quarter revenue forecast now expects to fall within the range of $25 billion to $25.8 billion, closer to the lower end of the initial estimate.
