CYBERCRIME
Virus cripples chip output at Taiwan Semiconductor
Taipei — Taiwan Semiconductor Manufacturing (TSMC), which makes chips for the iPhone and other devices, detailed its progress in recovering from a debilitating computer virus and warned of delayed shipments and reduced revenue because of the effect on its factories. The company said that 80% of the fabrication tools affected by a virus outbreak on Friday evening had been restored and that it expects full recovery on Monday. The company said the incident, which came as it ramped up chip making for Apple’s next iPhones, would delay shipments, without specifying which customers would be affected. The chip maker estimated that third-quarter revenue would decline about 3% and operating margins about one percentage point. It maintained its 2018 forecast of boosting revenue by high single digits in US dollar terms. The incident underscores the global nature of the technology industry’s supply chain, in which companies such as Apple and Qualcomm depend on hundreds of suppliers around the wo...
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