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Companies

TSMC signals bottom of chip cycle as quarterly profits tumble

Industry bellwether sees demand pick up by mid-2019 despite downtrends

A production site for Taiwan Semiconductor Manufacturing Co., the world's largest contract chipmaker.  (Photo courtesy of TSMC)

TAIPEI -- Taiwan Semiconductor Manufacturing Co, the world's biggest contract chipmaker, is signalling the semiconductor slump is nearing its end despite predicting a decline in revenues for the second quarter.

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