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Taiwan tech tracker

Asian tech suppliers brace for prolonged downturn

Trade war clouds earnings outlook from Japan to South Korea to Taiwan

Saturated smartphone markets have contributed to a slowdown in demand at chipmakers and other suppliers in Asia.   © Reuters

TOKYO -- Asian tech industry suppliers are bracing for a global slowdown in demand this year as they battle against the impact of the U.S.-China trade war and a saturated smartphone market.

Earnings forecasts for tech companies show dim prospects. Taiwan Semiconductor Manufacturing Co., the world's largest chip foundry and a key Apple supplier, forecasts its operating profit in the three months ending March to drop by more than 20% from the previous year.

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