One of the largest IT manufacturing outfits in the world, TSMC says that the Japanese Earthquake does not appear to be damaging its business. Morris Chang, chairman of TSMC said that though his outfit's supply chain was disrupted by the Japan earthquake, clients in Japan have not cancelled any orders.
If they had, times would be tough for TSMC. Japan accounts for ten per cent of the outfits cash. He told Digitimes that the impact on his business from the earthquake is mild and demand from clients remains strong.
As a result he is expecting still expects 2011 revenues to increase 20 per cent from the $14 billion he banked in 2010. TSMC has suffered from a shortage of solar wafers and needs sources in Japan from regions not affected by the earthquake.
Chang added that its equipment maker TEL will resume production soon. TEL's plants were not damaged during the earthquake and tsunami, but production was halted after March 11, he said.