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TSMC sees Q1 revenue near lower end of guidance on January earthquake impact
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TSMC sees Q1 revenue near lower end of guidance on January earthquake impact
Feb 9, 2025 11:34 PM

Feb 10 (Reuters) - 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.

Taiwan Semiconductor Manufacturing Co ( TSM ) , the

dominant maker of advanced chips and a major supplier to

companies including Apple ( AAPL ) and Nvidia ( NVDA ),

estimated losses from the earthquake that hit southern Taiwan in

late January to be about NT$5.3 billion ($161 million), net of

insurance claims.

As a result, the revenue forecast "is now anticipated to be

closer to the lower end of the guidance range of $25 billion and

$25.8 billion", the company said in a statement.

The earthquake resulted in the scrapping of some

semiconductor wafers, but there was no structural damage to its

chip production facilities and normal operations have resumed,

it said.

The company is working to recover the lost production and

there is no change to its full-year outlook.

(Reporting by Faith Hung; Editing by Muralikumar Anantharaman)

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