Thursday, 18 April 2024

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Business News

TSMC Weathers Major Earthquake, Ensures Rapid Recovery – TipRanks Financial Blog

Vizio sees Q4 adjusted EBITDA $15M-$19M

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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.

Click Here to Read the Full Original Article at TipRanks Financial Blog…


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