Taiwan's TSMC says ops mostly fine after minor quake


SEMI president and CEO Ajit Manocha said equipment billings in August declined relative to July, signaling a pause in this year's extraordinary growth.

TAIPEI: Taiwan Semiconductor Manufacturing Co, the world's largest contract chipmaker, said its operations were little affected following a minor earthquake Saturday in southern Taiwan.

A 5.6-magnitude quake shook Tainan early on Saturday, according to the island's Central Weather Bureau. The city was at the centre of a bigger 6.4-magnitude quake a year ago that injured hundreds and killed 117 people, mostly in one toppled apartment complex.

TSMC's operations were "minimally" affected by Saturday's quake and first quarter shipments will remain on schedule, TSMC acting spokeswoman Elizabeth Sun said.

Only a few injuries were reported and no major damages resulted from the quake, Taiwan's state-run Central News Agency reported. - Reuters

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Gold shines as Middle East tensions offset easing US rate-cut bets
Malaysian millennials lead as most financially literate generation
Oil stabilises after sharp drop on demand concerns, easing of Middle East tension
China to keep expanding market access
Asia stocks bounce as soaring dollar pauses
TSMC's first quarter profit rises 9%, beats forecasts
Asia FX gains on respite from dollar strength, equities rally
Bursa Malaysia mixed at midday break, key index up
Dialog Axiata inks deal to acquire Airtel Lanka via share swap
ACE Market-bound Sin-Kung targets RM26mil in proceeds from IPO

Others Also Read