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Insider: Earthquake has limited impact on semiconductor industry

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April 3, 2024

April 3, 2024 /SemiMedia/ -- According to reports, at 7:58 a.m. on April 3, a magnitude 7.3 earthquake occurred in the waters off Hualien, Taiwan. Affected by the earthquake, factories including TSMC, UMC and PSMC were evacuated, causing some production equipment to shut down.

TSMC issued a statement on the morning of April 3 saying that some factories had been evacuated and the impact on its second-quarter financial forecast was expected to be approximately US$60 million, with specific details still to be confirmed. Industry insiders said that the earthquake may cause TSMC to lose part of its production capacity.

UMC stated that its Zhuke and Nanke factories have been evacuated, all personnel are safe, and some production equipment has been shut down. The specific impact is still being confirmed.

Insiders said that the earthquake has currently caused the shutdown of some production equipment at semiconductor fabs such as TSMC, UMC, and PSMC, which is expected to affect some production capacity, but the impact will be limited.

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