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Taiwanese tech sector dragged into depression by Apple

TSMC co-chief executive Mark Liu said industry players were wary when gradually restocking inventory due to weak demand in high-end smartphones. (Photo by Cheng Ting-Fang)

TAIPEI -- Apple's sales decline is pushing its Taiwanese suppliers into a downward spiral with no end in sight. This year could also see the first annual decline in corporate revenues across Taiwan's tech sector since the second half of 2008 in the throes of the global financial crisis.

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