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Technology

TSMC warns chip market will stagnate in 2020 after coronavirus

Supplier to Apple and Huawei confirms it is weighing construction of a new US plant

TSMC, the world's largest contract chipmaker, has forecast a 32% on-year rise in revenue for the April to June quarter, but foresees a sharp downturn in the second half of 2020. (Photo by Akira Kodaka)
CHENG TING-FANG and LAULY LI, Nikkei staff writers | Taiwan

TAIPEI -- The global semiconductor and smartphone markets are both at risk of contracting this year due to the coronavirus, one of the industry's leading manufacturers said Thursday.

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