On Friday evening, TSMC issued a statement stating that apart from certain production lines in areas that experienced a greater seismic impact, equipment in Taiwan fabs have largely been fully recovered as of April 5 thanks to the collaborative efforts of TSMC colleagues and our supplier partners.”
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Shares of semiconductor designer Lattice Semiconductor (NASDAQ:LSCC) jumped 6.2% in the morning session after continued upward momentum after the company reported fourth-quarter earnings. Specifically, earnings initially resulted in a decline in the stock. However, the market seems to have reacted positively to results after Lattice's management stated that underperformance in the quarter was due to temporary cyclical factors impacting the broader industry rather than company-specific headwinds.