TAIPEI (Reuters): Taiwan Semiconductor Manufacturing Co Ltd (TSMC) forecast a nearly 14% drop in first-quarter revenue, its sharpest fall in a decade, joining a string of tech companies warning of a slowdown in global smartphone demand.
The results of TSMC, whose clients include Apple Inc , were being keenly watched after chipmakers including Samsung Electronics Co Ltd recently flagged weak demand. Apple also slashed its sales forecast due to slowing iPhone sales in China.
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