The Taiwan earthquake caused more than 90 million dollars in damage to the world's largest chipmaker

The severe earthquake in Taiwan did not affect any of TSMC's critical equipment; But tens of millions of dollars were lost to this company.

TSMC, the world's largest contract chipmaker, has announced that the massive earthquake that shook Taiwan on April 3 (April 15) has caused the company about three billion Taiwan dollars (equivalent to 92.44 million US dollars) in losses.There is a filing on the Taiwan Stock Exchange that suggests the devastating earthquake will likely cause TSMC's gross profit margin to drop by 50% in the second quarter of 2024.

After the earthquake, there were no power outages and no structural damage was done to any of TSMC's semi-conductor parts manufacturing machines. The company's critical equipment, including EUV machines used to make advanced chips, were also not affected by the earthquake.