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Taiwan Semiconductor | 6-K: Statement on April 3rd Earthquake

SEC announcement ·  Apr 3 23:17
Summary by Futu AI
Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) reported on April 3, 2024, that Taiwan experienced a series of earthquakes, with the largest reaching a magnitude of 7.2, the most significant in 25 years. The earthquakes affected various science parks, with magnitudes up to 5 in Hsinchu, Longtan, and Zhunan, and 4 in Taichung and Tainan. TSMC's safety systems remained operational, and preventative measures were taken, including evacuating some fabs. All employees were reported safe and have since returned to work. The company suspended work at construction sites for the day, with plans to resume after further inspections. Despite some damage to tools at certain facilities, critical tools like EUV lithography machines were unharmed. TSMC achieved over 70% tool recovery within 10 hours post-earthquake, with new facilities like Fab 18 exceeding 80%. Full production recovery is expected to continue overnight, and TSMC is maintaining close communication with customers regarding the impact and recovery efforts.
Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) reported on April 3, 2024, that Taiwan experienced a series of earthquakes, with the largest reaching a magnitude of 7.2, the most significant in 25 years. The earthquakes affected various science parks, with magnitudes up to 5 in Hsinchu, Longtan, and Zhunan, and 4 in Taichung and Tainan. TSMC's safety systems remained operational, and preventative measures were taken, including evacuating some fabs. All employees were reported safe and have since returned to work. The company suspended work at construction sites for the day, with plans to resume after further inspections. Despite some damage to tools at certain facilities, critical tools like EUV lithography machines were unharmed. TSMC achieved over 70% tool recovery within 10 hours post-earthquake, with new facilities like Fab 18 exceeding 80%. Full production recovery is expected to continue overnight, and TSMC is maintaining close communication with customers regarding the impact and recovery efforts.
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