A miss and dim guidance from Taiwan Semiconductor (TSMC) — which pointed to a “very high-end smartphone” as part of demand softness — is dinging Apple while other chipmakers move down.
Analysts say the smartphone in question is the iPhone. Apple is down 1.7% after today’s open. TSMC also says it expects growth this year of 5% for the global semiconductor industry, weaker than its earlier forecast of 5%-7% growth, and 8% for contract chipmakers, lower than its previous outlook for 9%-10% growth.
TSMC is the world’s largest dedicated independent semiconductor foundry, Its headquarters and main operations are located in the Hsinchu Science and Industrial Park in Hsinchu, Taiwan.
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