Summary by Futu AI
Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) has reported a swift recovery following the April 3rd earthquake in Taiwan, which was the largest in the region in 25 years with a magnitude of 7.2. The earthquake's impact was felt across various science parks, with magnitudes reaching 5 in Hsinchu, Longtan, and Zhunan, and 4 in Taichung and Tainan. Leveraging its extensive experience in earthquake response, TSMC achieved over 70% tool recovery in its fabs within 10 hours post-earthquake, with the Fab 18 facility exceeding 80% recovery. By April 5th, most of the equipment in TSMC's Taiwan fabs had been fully restored, except for certain production lines in the most affected areas. The company credits the rapid recovery to the efforts of its employees and supplier partners. Despite the earthquake, TSMC has maintained its full-year revenue growth guidance in the low-to-mid twenties percentage, as previously stated in the January institutional investors' conference. TSMC is currently evaluating the full impact of the earthquake and is keeping an open line of communication with its customers regarding any potential effects.