TSMC retains 2024 revenue view in sign of limited impact of earthquake

(Reuters) - Taiwan Semiconductor Manufacturing Co said on Friday its full-year revenue would not be impacted by the massive April 3 earthquake, allaying concerns of a hit to the global semiconductor supply.

"TSMC maintains its full-year revenue guidance of low-to-mid twenties percentage growth given at the January institutional investors' conference," the world's biggest contract chipmaker.

Taiwan plays an outsized role in the global chip supply chain and the country's biggest earthquake in at least 25 years on Wednesday had fueled worries of a potential disruption.

Apart from TSMC, the island is also home to UMC, Vanguard International Semiconductor, and Powerchip Semiconductor Manufacturing.

Apart from certain production lines in areas that experienced greater impact, equipment in Taiwan fabs have largely been fully recovered as of Friday, the company said.

TSMC said it was making a full evaluation of the impact and communicating necessary updates to customers.

On Thursday, the company resumed work at its construction sites after pausing for a day for inspections.

(Reporting by Yuvraj Malik in Bengaluru; Editing by Sriraj Kalluvila)

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