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Apple supplier TSMC sees drop in premium phone shipments in 2018

Contract chipmaker expects some relief from cryptocurrency and China demand

TSMC sees a robust year ahead with revenue growing another 10-15% in U.S. dollar terms.

TAIPEI -- Taiwan Semiconductor Manufacturing Co., the world's largest contract chipmaker by market share and a key supplier to Apple, said Thursday that shipments of upmarket smartphones will decline in 2018 but that growing cryptocurrency "mining" could help alleviate a soft mobile market.

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