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TSMC losses will amount to $60 million after the earthquakes in Taiwan


Apríl, 03 2024
watermark Economic news

According to the Hong Kong news portal HK01, the losses of the world's largest semiconductor manufacturer TSMC due to earthquakes in Taiwan are estimated at about $60 million. This is due to the need to evacuate workers, although the impact of the disaster on the company is estimated to be limited.


Earlier, Taiwan's Central News Agency reported that TSMC evacuated its staff from factories and construction sites to ensure their safety. After confirming the safety of the working conditions, the staff will return to work.


An earthquake of magnitude 7.3 struck off the coast of Hualien County on the eastern part of Taiwan Island, followed by a series of strong aftershocks. Although some buildings were damaged, the total number of victims and injured remains relatively low.


Taiwan is one of the world's largest semiconductor manufacturers, and TSMC, which became the world's largest in terms of revenue last year, plays a key role in this industry.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.