TSMC estimates losses of $92.4 mln due to Taiwan earthquake [Reuters]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: Reuters
BEIJING, April 18 (Reuters) - Taiwan chipmaker TSMC (2330.TW) New Tab , opens new tab said the biggest earthquake in at least 25 years that struck the island on April 3 caused estimated losses of T$3 billion ($92.44 million) to the company in the second quarter. The quake is also expected to bring a 50-basis point drop to TSMC's second quarter gross margin, it said in a filing to the Taiwan Stock Exchange. There were no power outages or structural damage to TSMC's fabs, and critical equipment including EUV machines were not affected, it added. ($1 = 32.4530 Taiwan dollars) The Technology Roundup newsletter brings the latest news and trends straight to your inbox. Sign up here. Reporting by Ethan Wang, Ella Cao and Ryan Woo; Editing by Andrew Heavens Our Standards: The Thomson Reuters Trust Principles. New Tab , opens new tab Alibaba shares jump as Jack Ma hints at return TSMC's Q1 revenue soars on AI boom AI Weekly: fakes, bots and job cuts US seen giving Samsun
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