Taiwan-based chip manufacturer TSMC warned that the infection, which was eventually contained, will delay shipments of its products and could wipe as much as $257 million off its revenue.
Over the weekend the Company disclosed that a computer virus was affecting part of its production and that it is expected to impact 3% of its third-quarter 2018 revenues.
A computer virus outbreak at Taiwan Semiconductor Manufacturing Co Ltd (TSMC) could delay chip shipments for Apple Inc's new iPhones but the impact will be limited as TSMC has prepared itself for such disruptions, analysts said.
The virus hit the company's computer network late Friday and spread to machines used to make chips and processors, TSMC said in a statement Sunday.
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TSMC is working on solutions now but said the degree of infection varied from factory to factory, and that it will provide more information on Monday (Aug 6) after it has assessed the situation.
"We estimate the impact to third quarter revenue to be about three percent, and impact to gross margin to be about one percentage point", the company said.
"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 has taken actions to close this security gap and further strengthen security measures", it said. As of right now, TSMC has not stated whether this virus was a form of ransomware or something else, so details are scarce. The iPhone maker last week surpassed a market value of $1 trillion, largely on the strength of sales for its pioneering smartphone. While TSMC has not indicated which customers could be affected, such a virus could potentially slow Apple's output of new devices, cutting into the number of units sold. TSMC attributed the outbreak to a some sort of misoperation when installing software for a new tool, though the company did not go into specifics.