TSMC Tempers Outlook on Quake Loss as AI Concerns Persist
- The company’s production was affected by quakes in January
- The Taiwanese company upholds full-year revenue outlook
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Taiwan Semiconductor Manufacturing Co. said first-quarter sales are set to be at the lower end of its forecast range after several quakes affected production in January.
Losses from the quakes were about about NT$5.3 billion ($161 million) net of insurance claims, TSMC said in a statement on Monday, adding it is “making every effort to recover the lost production.”