TSMC estimates losses of $92.4 million due to Taiwan earthquake


FILE PHOTO The logo of Taiwan Semiconductor Manufacturing Co TSMC is pictured at its headquarters in Hsinchu Taiwan January 19 2021. REUTERSAnn WangFile Photo

FILE PHOTO: The logo of Taiwan Semiconductor Manufacturing Co (TSMC) is pictured at its headquarters, in Hsinchu, Taiwan, January 19, 2021. REUTERS/Ann Wang/File Photo

BEIJING (Reuters) - Taiwan chipmaker TSMC said the biggest earthquake in at least 25 years that struck the island on April 3 caused estimated losses of T$3 billion ($92.44 million) to the company in the second quarter.

The quake is also expected to bring a 50-basis point drop to TSMC's second quarter gross margin, it said in a filing to the Taiwan Stock Exchange.

There were no power outages or structural damage to TSMC's fabs, and critical equipment including EUV machines were not affected, it added.

($1 = 32.4530 Taiwan dollars)

(Reporting by Ethan Wang, Ella Cao and Ryan Woo; Editing by Andrew Heavens)

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