Taiwan's TSMC says no impact on output from possible water curbs

Reuters2021-05-19

TAIPEI, May 19 (Reuters) - There will be no impact on production by Taiwan Semiconductor Manufacturing Co Ltd (TSMC), from water usage curbs set to take effect on June 1, the world's largest contract chipmaker said on Wednesday.

If there is no significant rain by month-end, tech powerhouse Taiwan will step up the restrictions in the major chip making hubs of Hsinchu and Taichung as it battles an islandwide drought, the government said.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
7