The Market CLEARLY over-reacted: SAN JOSE, Calif., Sept. 21 (Reuters) - Taiwan Semiconductor Manufacturing Co. (NYSE: TSM)
said Tuesday that a preliminary analysis after the earthquake in Taiwan indicates the company may
lose about 10 percent of this month's wafer production.
The assessment is not final and recovery to normal operations will be a gradual process over the
next several days, the company said.
The Hsinchu Industrial Park, where Taiwan Semiconductor and several other major foundry
companies are located, is still without normal electrical power.
"We are doing everything possible to minimize the impact of this event to our customers," Ron
Norris, the company's senior vice president of worldwide marketing and sales, said in a statement.
Taiwan Semiconductor reported earlier that its buildings, HVAC systems, water distribution, power
distribution, computer and network systems all successfully withstood the effects of the magnitude
7.6 earthquake, and that all employees were safe and the facilities were operating on stand-by
power. |
