(AsianFin)—The world’s largest semiconductor manufacturer Taiwan Semiconductor Manufacturing Co (TSMC) has estimated its losses from the Taiwan earthquake at approximately $60 million, according to Taiwanese newspaper Commercial Times.
However, the company believes that the impact of the earthquake on production “will be limited.”
TSMC clarified that in order to ensure the safety of personnel, some of the company’s production facilities were evacuated. Part of the production capacity has been resumed.
Based on the current situation, it is estimated that the impact on working hours will be no more than six hours, with an estimated impact of US$ 60 million on TSMC's second-quarter financial forecast.
The research departments of institutions in Taiwan believe that TSMC's factories are designed to undergo inspection, maintenance, and debugging due to the need for equipment following the earthquake, which will inevitably affect the production progress of NVIDIA GPUs (graphic processing units), leading to delays in production schedules, thus driving up the prices of GPU.
In addition, storage equipment must be inspected and debugged if they face earthquakes of magnitude five or above, leading to storage price increases. The inspection and debugging time could range from three months to one month.
On Wednesday morning, earthquakes of magnitude 7.5 and 6.6 were recorded off the east coast of Taiwan. According to the latest data, four people were killed and more than 90 were injured.
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