Taiwan Semiconductor Manufacturing (TSM) has released an update.
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Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) has efficiently managed a rapid recovery following a significant 7.2 magnitude earthquake in Taiwan, with over 70% of their facilities’ tool operations restored within 10 hours. The company’s new Fab 18 facility has seen over 80% recovery. Despite the quake, TSMC upholds its full-year revenue growth forecast in the low-to-mid twenties percentage, as previously stated in January.
For further insights into TSM stock, check out TipRanks’ Stock Analysis page.
