Summary by Futu AI
Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) reported on the effects of the April 3rd earthquake in Taiwan, which reached a magnitude of 7.2, the largest in the region in 25 years. The earthquake's impact was felt across various science parks, with magnitudes up to 5 in Hsinchu, Longtan, and Zhunan, and 4 in Taichung and Tainan. TSMC's safety systems operated normally, and preventative measures were taken, including evacuations. All employees are safe and have since returned to work. The company suspended work at construction sites on April 3rd, but resumed the following day after inspections. TSMC's fabs have shown a strong recovery rate, with more than 70% tool recovery within 10 hours post-earthquake, and over 80% as of April 4th. The Fab 18 facility is expected to...Show More