Apple supplier TSMC cuts growth target again on trade worries

Cryptocurrency downturn adds to troubles for world's top chip foundry

TSMC factory.jpg

TSMC, the world's biggest contract chipmaker, supplies advanced processors for iPhones.   © Courtesy of TSMC

CHENG TING-FANG and LAULY LI, Nikkei staff writers

TAIPEI -- The world's biggest contract chipmaker, Taiwan Semiconductor Manufacturing Co., has cut its annual revenue growth target for the third time this year as concerns mount over the impact of the bitter trade battle between Washington and Beijing.

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