TAIPEI -- Taiwan Semiconductor Manufacturing Co., the world's biggest contract chipmaker and a key Apple supplier, on Thursday slashed its 2018 sales target, citing continuous soft demand for premium phones and a volatile cryptocurrency mining market.
The company expects its full-year revenue to grow about 10%, down from its previous forecast of 10% to 15% in U.S. dollar terms, according to C.C. Wei, co-chief executive of TSMC.
