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TSMC Weathers Major Earthquake, Ensures Rapid Recovery
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TSMC Weathers Major Earthquake, Ensures Rapid Recovery

Taiwan Semiconductor Manufacturing (TSM) has released an update.

Taiwan Semiconductor Manufacturing Company Ltd. has reported that its safety systems are functioning normally following a series of earthquakes in Taiwan, with the largest reaching a magnitude of 7.2. Despite the evacuation of some fabs, all employees are safe, and initial inspections show no critical damage to facilities, including extreme ultraviolet lithography tools. The company expects a quick recovery with more than 70% of tool functionality restored within 10 hours and is working closely with customers to resume full production.

For further insights into TSM stock, check out TipRanks’ Stock Analysis page.

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