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TSMC Expects Another Weak Quarter as Smartphone Woes Persist
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TSMC Expects Another Weak Quarter as Smartphone Woes Persist
The worldÂ’s largest made-to-order chipmaker is predicting revenue of $7.55 billion to $7.65 billion in the June quarter, versus an average estimate for $7.6 billion and little changed from a year earlier. On Thursday, TSMC reported a larger-than-anticipated 32 percent plunge in net income during the January to March period. TSMC is showing the strains of a plateauing smartphone market as Apple, its biggest customer, seeks to boost growth with services rather than hardware.
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