TSMC has been attacked by viruses before, but this is the first time a virus attack has affected our production lines. - CFO LoraShe didn't reveal details on loss of revenue, and neither did she confirm whether the affected product lines involve iPhone chips. The disruption reminds of the WannaCry cyberattacks in 2017 which affected companies from all around the world. They had to suspend their operations until things were resolved. World Economic Forum says that today’s rate of cybercrime may bring down a global loss of around $8 trillion in the next five years! TSMC, just a few weeks ago had cheered investors envisioning high smartphone demand in the second half of the year, which played well to keep them hopeful looking ahead. CEO C. C. Wei said that sales will rise by a high single-digit percentage in terms of US$, based on the presently reduced 10% projection. As for Apple, the tech giant has just made the big news of reaching $1 trillion valuation mark, it is the first ever publicly listed American company to achieve so. How does the mishap of TSMC affect the company? We are yet to receive any official word!
India Coronavirus Cases Update 173,763 Total 4,971 (2.9%) Deaths 82,370 (47.4%) Recovered
30 May 2020, 8:32 AM (GMT)