Taiwan Semiconductor Manufacturing Company is still working on getting its Tainan factory back in order after a 6.4-magnitude earthquake struck on February 6 in the south of the island nation — the epicenter of which was only about 50km from the work site.
The country’s deadliest tremor event in 17 years has caused billions of dollars in damage, but TSMC initially believed that it would only lose 1 percent of its Q1 shipments. On Friday, it estimated that it would take more of a hit after further inspecting its fabrication units though it wouldn’t say by how much. The company is still upbeat about its revenue picture as it remains committed to hitting a $6 billion goal for the quarter.
For many, it’s clean-up, mourning and healing.