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The firm is the latest to fall prey to a growing global scourge. “Long-term, TSMC’s trustworthy image is somewhat tainted but it is hard to quantify the effect now,” Li wrote in a research note Monday. TSMC makes Apple chips in its 12-inch fabrication plants. Bernstein, said he thinks all of TSMC’s 12-inch wafer fabrication plants had been infected and that many customers had been affected, though the impact will be “very limited” because the company can make up for the losses during the busiest holiday quarter. TSMC says no confidential information was compromised in the virus attack and most customers have been notified. This is the first time a virus had ever brought down a TSMC facility, recalling the WannaCry cyberattacks of 2017 that forced corporations around the world to suspend operations as they rooted out the ransomware. depend on hundreds of suppliers around the world.
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The incident underscores the global nature of the technology supply chain, in which companies like Apple and Qualcomm Inc. It maintained its 2018 forecast of boosting revenue by high single digits in U.S. The chipmaker estimated that third-quarter revenue would be cut by about 3 percent from a previously forecast $8.45 billion to $8.55 billion, while gross margin would slip by about 1 percentage point.
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Taiwan’s largest company blamed the infection on a mistake made during software installation that then spread through its network. Its shares fell more than 1 percent in Taipei. The Taiwanese company said the incident, which comes as it ramps up chipmaking for Apple Inc.’s next iPhones, would delay shipments, without specifying which customers would be affected.
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TSMC said that 80 percent of the fabrication tools affected by a virus outbreak Friday evening had been restored and that it expects full recovery on Monday. Taiwan Semiconductor Manufacturing Co., which makes chips for the iPhone and other devices, is recovering from a debilitating computer virus but warned of delayed shipments and reduced revenue because of the impact on its factories.