The company maintained its first-quarter gross profit margin will reach 57% to 59%, and upheld its full-year outlook. The first-quarter revenue guidance provided a few days before the earthquakes hit was $25 billion to $25.8 billion.
Taiwan Semiconductor Manufacturing (TSMC) 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 TWD5.3 billion ($218.7 million) net of insurance claims, TSMC said in a statement on Monday, adding it is “making every effort to recover the lost production.”
