Virus outbreak at Taiwan Semiconductor Manufacturing Company set to impact its Q3 results

Despite the outbreak, which has caused shipment delays, TSMC has maintained its single digit growth forecast.

Taiwan Semiconductor Manufacturing Company Ltd, the world’s largest contract chipmaker stated as a result of computer virus outbreak in its systems, its third-quarter results have been affected.

TSMC, a major supplier for Apple Inc, stated the virus infected a number of its computer systems and fab tools, although much of its infections have now been contained.

It expects a full recovery by the end of the day, said TSMC.

“TSMC expects this incident to cause shipment delays and additional costs. We estimate the impact to third quarter revenue to be about three percent, and impact to gross margin to be about one percentage point,” said TSMC. “The Company is confident shipments delayed in third quarter will be recovered in the fourth quarter 2018, and maintains its forecast of high single-digit revenue growth for 2018 in U.S. dollars given on July 19, 2018.”

The chipmaker has notified its customers and is working with them on the wafer delivery schedule.

According to TSMC, the virus attack occurred during the installation of a new software which spread once the tool was connected to the company’s local area network, said TSMC.

“Data integrity and confidential information was not compromised. TSMC has taken actions to close this security gap and further strengthen security measures,” said the company.

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