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TSMC sees weak 2Q but strong 2H boosted by new iPhones

Largest contract chipmaker will not bid for Toshiba memory business

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TSMC Co-CEOs C.C. Wei, left, and Mark Liu attend an investors' conference in Taipei, on Apr. 13   © Reuters

TAIPEI -- Taiwan Semiconductor Manufacturing Co., the world's largest contract chipmaker, on Thursday said the second quarter ending in June would be a weak one, due to a slowdown in China and inventory correction in the smartphone, computer and consumer electronics segments.

"Our second quarter revenue guidance reflects a quite severe inventory adjustment from our customers, particularly in the smartphone and PC markets," said Mark Liu, TSMC's co-chief executive. But Liu said that the inventory correction from the supply chain would end by June.

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